Jeff Jones earns $1,200 per week. He is married and claims 4 withholding allowances. The...
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Jeff Jones earns $1,200 per week. He is married and claims 4 withholding allowances. The social security rate is 6.2% on $128,400, and Medicare is 1.45%. Each paycheck, his employer also deducts $42.50 for health insurance. What is his net pay? (Calculate FIT by percentage method.)
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