Find the net pay for each of the following employees after FICA, Medicare, federal withholding tax, state disability insurance, and other deductions have been taken out. Assume that none has earned over $115,000 so far this year. Assume a FICA rate of 6.2%, Medicare rate of 1.45%, and a state disability insurance rate of 1%. Use the percentage method of withholding. 13. Clarissa Karsten: $492.58 weekly earnings, 1 withholding 13. allowance, single, $25 in other deductions
Find the net pay for each of the following employees after FICA, Medicare, federal withholding tax, state disability insurance, and other deductions have been taken out. Assume that none has earned over $115,000 so far this year. Assume a FICA rate of 6.2%, Medicare rate of 1.45%, and a state disability insurance rate of 1%. Use the percentage method of withholding. 13. Clarissa Karsten: $492.58 weekly earnings, 1 withholding 13. allowance, single, $25 in other deductions
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 1BCRQ
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Find the net pay for each of the following employees after FICA, Medicare, federal withholding tax, state disability insurance, and other deductions have been taken out. Assume that none has earned over $115,000 so far this year. Assume a FICA rate of 6.2%, Medicare rate of 1.45%, and a state disability insurance rate of 1%. Use the percentage method of withholding.
13. Clarissa Karsten: $492.58 weekly earnings, 1 withholding 13. allowance, single, $25 in other deductions
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