Calculation of salary payable net taxescalculate and show, Ask an Expert

Accounting

Calculation of Salary payable net Taxes.

Calculate and show all work for:

1) Gross Pay

2) Net pay for employee #12's weekly pay below:

Employee #12 is on salary and makes $2,000 per week. He is subject to FICA tax of 6%, Medicare tax of 1.5%, and has an automatic deduction for medical insurance of $130.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9725799

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