Question
Employee Net Pay Steven Friedman's weekly gross earnings for the week ending March 9 were $3,630, and her federal income tax withholding was $653.40.
Employee Net Pay Steven Friedman's weekly gross earnings for the week ending March 9 were $3,630, and her federal income tax withholding was $653.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places.
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
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