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Question - Martin Jackson receives an hourly wage rate of $23, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 43; federal income tax withheld, $348; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson?
a. $598.74
b. $1,406.74
c. $1,023.50
d. $1,553.24
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