Essay
Art Parrish,the sole employee of Parrish Sales,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $106,800,and thus subject to FICA.He is also subject to federal income tax at a rate of 18%.Art has a deduction of $320 for health insurance and $80 for United Way.Please provide the second entry in the payroll cycle to record the disbursement of his net pay.
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$4,000 × 18% = ...View Answer
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Correct Answer:
Verified
$4,000 × 18% = ...
View Answer
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Get Access to more Verified Answers free of charge
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