A married employee who claims two allowances earned $1,030 during the current pay period. The employees year

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A married employee who claims two allowances earned $1,030 during the current pay period. The employee’s year to date pay prior to this pay period is $54,000. The employee is not taxed at the state or local level. Calculate each of the following for the current pay period:

a. Social Security Tax Withholding

b. Medicare Tax Withholding

c. Federal Income Tax Withholding

d. Net Pay

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Small Business Accounting

ISBN: 9780470198636

1st Edition

Authors: Lita Epstein, Susan Myers

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