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Margaret's regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a January
Margaret's regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a January pay period, Margaret works 50 hours. Margaret's federal income tax withholding is $97, and she has no voluntary deductions. Compute Margaret's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%
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