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Tony's employer imputes taxable income of $33 on his next 2020 paycheck for his personal use of a company-owned car. His gross wages are $735,
- Tony's employer imputes taxable income of $33 on his next 2020 paycheck for his personal use of a company-owned car. His gross wages are $735, FICA is 7.65%, and FITW is 15%. The employer has elected not to withhold federal income tax on the imputed amount. What is his net pay?
- $594.05 b. $566.00 c. $599.00 d. $561.05
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
