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Groucho Marx is paid a bi-weekly salary of $7,900. He claims Married Filing Jointly and the STANDARD withholding. He also contributes $900 each week to
Groucho Marx is paid a bi-weekly salary of $7,900. He claims Married Filing Jointly and the STANDARD withholding. He also contributes $900 each week to his traditional (pre-tax) 401(k) account. Using the PERCENTAGE METHOD, calculate his Federal Income Tax (FIT). Round your answer to the nearest penny
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