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Compute Net Earnings on March 3, When Gross (Taxable) Pay

Question 39

Multiple Choice

Compute net earnings on March 3, when gross (taxable) pay equals $750. FICA-OASDI tax rates are 6.2%, FICA-Medicare rate is 1.45%, federal income tax $71.00, and state income tax $15.00. (Round your answer to the nearest whole dollar.)


A) $622
B) $678
C) $607
D) $693

Correct Answer:

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