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Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer elects not to withhold FIT from this benefit.
- Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer elects not to withhold FIT from this benefit. Assuming FICA of 7.65% and FITW of 15%, what is his net pay?
- $555.43 b. $583.88 c. $558.88 d. $555.13
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Auditing A Business Risk Approach
Authors: Larry E. Rittenberg, Karla Johnstone, Audrey Gramling
7th Edition
0324663722, 978-0324663723
