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Business, 28.01.2020 02:31 lw057080

Assuming a fica tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127,200, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $206000 for the year

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Assuming a fica tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127...
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