In December 2009, Homer Simpson worked for Springfield Power and earned $5,000, which will be...
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Accounting
In December 2009, Homer Simpson worked for Springfield Power and earned
$5,000, which will be paid on January 15, 2010. Federal income tax withholding
is 15%. The FICA rate is 6.2% and the Medicare tax is 1.45%. What is Homers
gross pay?
a. $5,000
b. $4,250
c. $3,940
d. $3,867.50
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