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Employee Net Pay Steven Washington's weekly gross earnings for the week ending March 9 were $3,320, and her federal income tax withholding was $697.20.
Employee Net Pay Steven Washington's weekly gross earnings for the week ending March 9 were $3,320, and her federal income tax withholding was $697.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
