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H3Ko H3Ko
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7 years ago
Aaron earns $24.00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50 hours at his job during the first week of March 2017. Aaron pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Aaron's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $1,122.00
B) $835.80
C) $1,021.02
D) $799.80
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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