FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Ronald works at Weasleys’ Wizard Wheezes for the summer and earns gross wages of $4,000. Data relating to his pay includes:
Federal income tax liability |
$ 400 |
State income tax liability |
200 |
Federal |
24 |
State unemployment tax |
216 |
All of Ronald's wages are subject to Social Security and Medicare taxes. Ronald’s net pay for the summer period is:
Group of answer choices
$3,160
$3,400
$3,094
$2,854
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