Suppose jim worked 61 hours during this payroll period and, Ask an Expert

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Suppose Jim worked 61 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's net paycheck for the period. Calculate Jim's employer's payroll tax expense for the period. Calculate Jim's employer's total payroll tax liability for the period.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91960391

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