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Sean's gross pay for this month is $9,050. His gross year-to-date pay, prior to this month, totaled $128,000. Sean's rate for federal income tax is
Sean's gross pay for this month is $9,050. His gross year-to-date pay, prior to this month, totaled $128,000. Sean's rate for federal income tax is 20%. His voluntary deductions total $1,000. What is Sean's net pay? (Assume an OASDI rate of 6.2%, applicable on the first $132,900 earnings, and a Medicare rate of 1.45%, applicable on all earnings. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.). OA. $5,804.97 B. $6,240.00 OC. $6,804.97 OD. $7.240.00
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