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Martin Jackson receives an hourly wage rate of $25, with time and a half for all hours worked in excess of 40 hours during a
Martin Jackson receives an hourly wage rate of $25, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 48 ; federal income tax withheld, $370; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson? a. $832.50 b. $1,300.00 c. $1,932.50 d. $1,702.50
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