Question
Suppose Jim worked 76 hours during his payroll period and is paid $11 per hour. Assume FICA is 6.2%, medicare is 1.45% and withholding tax
Suppose Jim worked 76 hours during his payroll period and is paid $11 per hour. Assume FICA is 6.2%, medicare is 1.45% and withholding tax is 10%.
Calculate Jim's net paycheck for the period.
Net Paycheck=
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
