Baker Green's weekly gross earnings for the week ending December 7 were $2,200, and her federal income tax withholding was $264. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar. $fill in the blank 1
Baker Green's weekly gross earnings for the week ending December 7 were $2,200, and her federal income tax withholding was $264. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar. $fill in the blank 1
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.2BE
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Baker Green's weekly gross earnings for the week ending December 7 were $2,200, and her federal income tax withholding was $264. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar.
$fill in the blank 1
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