Federal income tax withheld 350 social security tax rate 60


Question - Martin Jackson receives an hourly wage rate of $30, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson?

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Accounting Basics: Federal income tax withheld 350 social security tax rate 60
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