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Gross Pay: Federal Income Tax: (10% of Gross Pay) Social Security Tax (6.2% of Gross Pay) Medicare Tax (1.45% of Gross Pay) $1,287.50 1128735 •10122-875 6-021287-50 198-25 186.68 •0.145X11287-50 6 Total Required Deductions: 3859 Net Pay $1

Gross Pay: Federal Income Tax: (10% of Gross Pay) Social Security Tax (6.2% of Gross Pay) Medicare Tax (1.45% of Gross Pay) $1,287.50 1128735 •10122-875 6-021287-50 198-25 186.68 •0.145X11287-50 6 Total Required Deductions: 3859 Net Pay $1

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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how to figure out net pay ?
Gross Pay: Federal Income Tax: (10% of Gross Pay) Social Security Tax (6.2% of Gross Pay) Medicare Tax (1.45% of Gross Pay) Net Pay $1,287.50 128735 • 10x12/875 •6-021257-50 0.14X1,287-50 188-25 186.68 Total Required Deductions: Net Pay $ 13859
Transcribed Image Text:Gross Pay: Federal Income Tax: (10% of Gross Pay) Social Security Tax (6.2% of Gross Pay) Medicare Tax (1.45% of Gross Pay) Net Pay $1,287.50 128735 • 10x12/875 •6-021257-50 0.14X1,287-50 188-25 186.68 Total Required Deductions: Net Pay $ 13859
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