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Jonathan is an employee of Orange Inc. Jonathan's annual compensation is $300,000. Jonathan's filing status is married filing jointly. His federal income tax withholding was
Jonathan is an employee of Orange Inc. Jonathan's annual compensation is $300,000. Jonathan's filing status is married filing jointly. His federal income tax withholding was $75,000. Answer the following questions: 1. What is the total business deduction for Orange Inc? 2. What is the total amount of taxes paid on behalf of Jonathan to the federal government for income taxes and payroll taxes? 3. What is the total amount of taxes withheld from Jonathan's paychecks for the year? 4. What is Jonathan's net pay for the year
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