Question

Bill Burne's earnings are subject to deductions for Social Security, Medicare and FIT. To date his cumulative earnings is $97,400. This week Bill earns $1,200. Bill, who is married, is paid weekly and claims 3 exemptions. Assume Social Security rate is 6.2% on $97,500 and 1.45% for Medicare. His net pay for the week is: (use percentage table in handbook to calculate FIT)

Answer 1

oh this one

Answer 2

yes

Answer 3

@mathmate help

Answer 4

Ty

Answer 5

Thank you for the recommendation. However, not being familiar with this topic, I would not want to venture a reply.

On the other hand, if you have an FIT handbook available, you may do well to extract the percentage required for someone who is ready to help, but does not have the information.

Answer 6

ty