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Richard Gaziano is a manager for health care inc. Health care deducts social security, medicare, and FIT (by percentage method) from his earnings. Assume the
Richard Gaziano is a manager for health care inc. Health care deducts social security, medicare, and FIT (by percentage method) from his earnings. Assume the social security 6.2% and medicare rate 1.45% of 128,400. before his payroll, richard is $1000 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 $1300?
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