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QUESTION
Refer to the tables on pages 244 and 245 of your textbook. Use the percentage method of witholding to find the federal withholding tax, a 6.2% FICA...
Refer to the tables on pages 244 and 245 of your textbook. Use the percentage method of witholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay of the employee. Assume the employee has not earned over $105,000 so far this year.
