Question
Lindsey Vaters weekly gross earnings for the week ended March 9 were $1,190, and her federal income tax withholding was $226.10. Assuming the social security
Lindsey Vaters weekly gross earnings for the week ended March 9 were $1,190, and her federal income tax withholding was $226.10. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Lindsey's net pay? For interim computations, carry amounts out to two decimal places. Round your final answer to two decimal places.
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
International 11th Edition
007115809X, 978-0071158091
