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Lightning Electronics is a midsize manufacturer of lithium batteries. The companys payroll records for the November 114 pay period show that employees earned wages totaling
Lightning Electronics is a midsize manufacturer of lithium batteries. The companys payroll records for the November 114 pay period show that employees earned wages totaling $61,000 but that employee income taxes totaling $8,100 and FICA taxes totaling $3,175 were withheld from this amount. The net pay was directly deposited into the employees bank accounts.
1. | What was the amount of net pay? |
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