4. EX.10-08 ALGO (Algorithmic) Calculate Payroll An employee earns $24 per hour and 1.5 times...
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4. EX.10-08 ALGO (Algorithmic) Calculate Payroll An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week, Assume that the was 6.0%, the Medicare tax rate was 1.5%, and federal no ne tax to be withheld-bt3450. worked 55 hours during the week. Assume that the social security tax rate a. Determine the gross pay for the . If applicable, round your final answer to two decimal places b. Determine the net pay for the week
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