Deductions other than fica social security taxes


Assume that Lyn Addie is an unmarried employee. Her $1,080 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $108. Compute her net pay for the eight days' work paid on February 26. FICA tax rates applicable are: 6.2% for Social security and 1.45% Medicare.

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Accounting Basics: Deductions other than fica social security taxes
Reference No:- TGS065826

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