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Calculate the Net Pay

Question 91

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Calculate the net pay. The balance before this weekly payroll is $90 below maximum as related to cumulative earnings in calculating Social Security. Assume a tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare:
 Name  Marital  Status  Exemptions  Claimed  Gross  FIT  Soc Sec  Medicare  Net Pay  B Burns  M 2$900 A  B  C  D \begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Name } & \begin{array} { l } \text { Marital } \\\text { Status }\end{array} & \begin{array} { l } \text { Exemptions } \\\text { Claimed }\end{array} & \text { Gross } & \text { FIT } & \text { Soc Sec } & \text { Medicare } & \text { Net Pay } \\\hline \text { B Burns } & \text { M } & 2 & \$ 900 & \text { A } & \text { B } & \text { C } & \text { D } \\\hline\end{array}

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A)$54.89 B)SS = $5.5...

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