Employee net payLindsey Vater's weekly gross earnings for the week ended March 9 were$800, and her federal income tax withholding was $128.96. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings,what is Lindsey's net pay?
Employee net payLindsey Vater's weekly gross earnings for the week ended March 9 were$800, and her federal income tax withholding was $128.96. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings,what is Lindsey's net pay?
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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Employee net pay
Lindsey Vater's weekly gross earnings for the week ended March 9 were
$800, and her federal income tax withholding was $128.96. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings,
what is Lindsey's net pay?
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