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Ms. Davis regular hourly wage rate is $29, and she receives an hourly rate of $34 for work in excess of 40 hours. During
Ms. Davis regular hourly wage rate is $29, and she receives an hourly rate of $34 for work in excess of 40 hours. During a January pay period. Ms. Davis works 47 hours. Ms. Davis' federal income tax withholding is $88, and she has no voluntary deductions. Compute Ms. Davis net earnings for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.)
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
