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    Exam 7: Accounting for Liabilities
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    In December 2011,Homer Simpson Worked for Springfield Power and Earned
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In December 2011,Homer Simpson Worked for Springfield Power and Earned

Question 134

Question 134

Multiple Choice

In December 2011,Homer Simpson worked for Springfield Power and earned $5,000.Federal income tax withholding is 15%.The FICA rate is 6.2% and the Medicare tax is 1.45%.What is Homer's gross pay?


A) $5,000
B) $4,250
C) $3,940
D) $3,867.50

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