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H3Ko H3Ko
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Posts: 4891
7 years ago
Berkley's gross pay for the month is $15,400. His deduction for federal income tax is based on a rate of 18%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is Berkley's net pay? (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $12,628
B) $14,222
C) $11,450
D) $15,400
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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