Ssume a tax rate of 62 on 110100 for social security and, Financial Management

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Ssume a tax rate of 62 on 110100 for social security and

Assume a tax rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA.

Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.)

(Do not round intermediate calculations and round your final answers to the nearest cent.)

					FICA
	Marital status	Allowances claimed
Employee	Marital status	Allowances claimed	Gross pay	FIT	S.S.	Med.	Net pay
Pat Brown	M	4	$3,400	$	$	$	$

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Financial Management: Ssume a tax rate of 62 on 110100 for social security and

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Financial Management: Ssume a tax rate of 62 on 110100 for social security and

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