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Joleen Dole is employed by a company that pays her $3,600 a month. She is single and claims one withholding allowance. On April 1, the
Joleen Dole is employed by a company that pays her $3,600 a month. She is single and claims one withholding allowance. On April 1, the company changed its pay plan from monthly to weekly and began paying Joleen $1,075.73 per week. What is her net weekly pay after Social Security, Medicare, and income tax deductions? Use the percentage method. Round all computations to the nearest cent. (Hint: Use Figure 10-3 and Figure 10-4 to solve the problem.)
Figure 10-3 Percentage Method Amount for one Withholding Allowance One Withholding Payroll Period Allowance Weekly 76.00 $151.90 Biweekly $164.60 Semimonthly Monthly $329.20Step by Step Solution
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