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Holly is an employee of Kazee, Inc. Her salary is $200,000 for 2014. The employer pays one-half of her Medicare plus unemployement ($4,200) and worker's
Holly is an employee of Kazee, Inc. Her salary is $200,000 for 2014. The employer pays one-half of her Medicare plus unemployement ($4,200) and worker's compensation (4% of compensation). Holly and Kazee Inc. each pay $5,000 in retirment. How much is Holly's after tax cash flow if she has a flat income tax rate of 20 percent?
a. $145,846
b. $150,846
c. $156,000
d.$161,000
please show the solution.
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