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Each paycheck his employer also deduct 4250 for health

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Reference no: EM13584681

Jeff Jones earns $1200 per week. He is married and claims four withholding allowances. The fica rate is as follows: Social security rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative wages are $6.000. Each paycheck, his employer also deduct $42.50 for health insurance. What is his net pay? Calculate FIT by the percentage method.

Reference no: EM13584681

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