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Richard Gaziano is a manager for Health Care, Inc. Health Carededucts Social Security, Medicare, and FIT (by percentage method)from his earnings. Assume a rate of
Richard Gaziano is a manager for Health Care, Inc. Health Carededucts Social Security, Medicare, and FIT (by percentage method)from his earnings. Assume a rate of 6.2% on $128,400 for SocialSecurity and 1.45% for Medicare. Before this payroll, Richard is$1,000 below the maximum level for Social Security earnings.Richard is married, is paid weekly, and claims 2 exemptions.What is Richards net pay for the week if he earns$1,850
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