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I need help with the portions marked in red. I am calculating that portion incorrectly. Thank you. Compute the following amounts for Maria's wages for
I need help with the portions marked in red. I am calculating that portion incorrectly. Thank you.
Compute the following amounts for Maria's wages for the current week. (Assume FICA rate of 7.65% on maximum of $110, 100. Use the withholding tax table for Federal income taxes. Assume rate of 3% for state income taxes. Round answers to 2 decimal places, e.g. 15.25.) Gross earnings FICA taxes Federal income taxes withheld 43.91 State income taxes withheld Net pay 493.98 Record Maria's pay. (Credit account titles are automatically indented when amount isentered. Do no indent manually. Round answers to 2 decimal places, e.g. 15.25.)Step by Step Solution
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