Compute and illustrate all work for net pay for employee, Ask an Expert

Accounting

Q1) Compute and illustrate 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 automatic deduction for medical insurance of $130.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921424

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