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October 20, 2014

Homework Help: Business Math

Posted by Kimberly on Monday, February 22, 2010 at 6:18pm.

Deduct Social Security, Medicare and FIT (by percentage method) from earnings. SS rate is 6.2% on 97,500 and 1.45% for Medicare. Richard is $1000 below the maximum level for SS earnings. He is married, paid weekly and claims 2 exemptions. What is Richard's ner pay for the week if he earns $1300?

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