Louisiana State University, Shreveport ACCOUNTING ACCOUNTING 205 Assume that Brian earns $72 per hour and he worked 40 hours this…
Assume that Brian earns $72 per hour and he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings are subject to both FICA taxes. Also, $360 in income taxes and $120 of union dues are withheld.
Brian’s net take-home pay should be:
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