Sarah Chen earns $1,600 per week. She is single and claims two withholding allowances. The FICA rates are: Social Security at 6.2% on earnings up to $118,500; Medicare at 1.45%. Her year-to-date earnings are $8,000. Her employer deducts $55 per week for dental insurance. Calculate her net pay.
Sarah Chen earns $1,600 per week. She is single and claims two withholding allowances. The FICA rates are: Social Security at 6.2% on earnings up to $118,500; Medicare at 1.45%. Her year-to-date earnings are $8,000. Her employer deducts $55 per week for dental insurance. Calculate her net pay.
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 41P
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Halp me with the question answer general Accounting
Transcribed Image Text:Sarah Chen earns $1,600 per week. She is single and claims two
withholding allowances. The FICA rates are: Social Security at 6.2% on
earnings up to $118,500; Medicare at 1.45%. Her year-to-date earnings
are $8,000. Her employer deducts $55 per week for dental insurance.
Calculate her net pay.
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