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Accounting
Part II: Complete the following table with the information provided Net income Medical care Social Employee with Other Gross Income Tax deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: • Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income

Part II: Complete the following table with the information provided Net income Medical care Social Employee with Other Gross Income Tax deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: • Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part II: Complete the following table with the information provided Net income Medical care Social Employee with Other Gross Income Tax deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: • Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income
Transcribed Image Text:Part II: Complete the following table with the information provided Net income Medical care Social Employee with Other Gross Income Tax deductions allowed income Security contribution deductions Contribution (1.45%) (6.20%) $735 $25 (12%) Arroyo (0) $12 Bravo (1) $675 (11%) Colón (2) $895 (10%) 10 -0- Diaz (3) $580 $5 (9%) 11 $610 Figueroa (4) (7%) 12 -0- Determine: • Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income Tax Net income
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