Suppose Jim worked 75 hours during this payroll period and is paid $11.00 per hour....
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Accounting
Suppose Jim worked 75 hours during this payroll period and is paid $11.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%.Calculate Jim's net paycheck for the period which i already answered as 679.39.
Calculate Jim's employer's payroll tax expense for the period? Calculate Jim's employer's total payroll tax liability for the period?
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