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Please provide steps if you can 1. Using the below data calculate the net pay for John Smith earned from ABC Company. 2. What is
Please provide steps if you can
1. Using the below data calculate the net pay for John Smith earned from ABC Company. 2. What is the employer share of the Florida FICA Tax? Gross Pay $5,000.00 Federal Withholding Tax 1696 FLORIDA FICA TAX (Employee & Employer Shared) 15.396 7.65% Each Health Insurance Deduction $250.00 1. Calculation: Gross Pay $0.00 Federal Withholding Tax $0.00 FLORIDA FICA TAX $0.00 Health Insurance Deduction $0.00 John Smith Net Pay $0.00 2. ABC Company 50.00 FLORIDA FICA TAX (Employee & Employer Equally SHARED) Flonda FIGA TSXFxte and FICA Tax Limits The FICA crate is 16.3% of taxable woes. The FICA TAXI comprised of the Social Security and Medicare a The Social Security table wage base is the first 5116 500 paid in wages to each employee during calendar con www.toplonda Step by Step Solution
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