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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 the automatic deduction for medical insurance of $130.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M920531

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