Assuming the social security rate is 6 and medicare is 15, Accounting Basics

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Assuming the social security rate is 6 and medicare is 15

Problem

Kenneth Friedman's weekly gross earnings for the week ending January 18 were $2,280, and his federal income tax withholding was $410.00. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to the nearest cent.

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Accounting Basics: Assuming the social security rate is 6 and medicare is 15

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Accounting Basics: Assuming the social security rate is 6 and medicare is 15

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