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OpenStudy (anonymous):
Jim Push, Manager for Marvy Co., has weekly earnings subject to deductions for Social Security, Medicare and FIT. Before this payroll, Jim is $500 below the maximum level for Social Security. What will his net pay be, if he earns $760? Jim is married and claims one exemption. Use the percentage method. Assume a FICA tax rate of 6.2% on $106,800.
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