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Use the percentage method of withholding to find federal withholding tax, a 6.2% FICA rate to find FICA tax, and 1.45% to find Medicare tax
- Use the percentage method of withholding to find federal withholding tax, a 6.2% FICA rate to find FICA tax, and 1.45% to find Medicare tax for the employee ,
- Zhang whose marital status is single, whose number of withholding allowances is 5, and whose monthly gross earnings are 7150.59$.
- Then find his net pay. Assume that he has not earned over 130,000$ so far this year.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
