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FICA taxes are currently 7.65% and are deducted from gross pay after pretax health insurance premiums and pretax retirement deductions. Brett earns $13.50 per hour.
FICA taxes are currently 7.65% and are deducted from gross pay after pretax health insurance premiums and pretax retirement deductions. Brett earns $13.50 per hour. He is paid every 4 weeks. His health insurance is $262 per month. He saves $75 per month in a pretax retirement account. There are no other taxes or deductions taken from his check.
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We need to calculate Bretts gross pay for each pay period Gross Pay Hourly Pay Rate x Number of Hours Worked Since Brett earns 1350 per hour we need t...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
