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JENNIFER'S GROSS PAY FOR THIS MONTH IS $6,750. HER GROSS YEAR-TO-DATE PAY, PRIOR TO THIS MONTH, TOTALED $112,000. JENNIFER'S RATE FOR FEDERAL INCOME TAX
JENNIFER'S GROSS PAY FOR THIS MONTH IS $6,750. HER GROSS YEAR-TO-DATE PAY, PRIOR TO THIS MONTH, TOTALED $112,000. JENNIFER'S RATE FOR FEDERAL INCOME TAX IS 24%. HER VOLUNTARY DEDUCTIONS TOTAL $550. WHAT IS JENNIFER'S NET PAY? (ASSUME AN OASDI RATE OF 6.2%, APPLICABLE ON THE FIRST $118,500 EARNINGS, AND A MEDICARE RATE OF 1.45%, APPLICABLE ON ALL EARNINGS. ROUND ANY INTERMEDIATE CALCULATION TO TWO DECIMAL PLACES, AND YOUR FINAL ANSWER TO THE NEAREST DOLLAR.)
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