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Assume the following: 1. FICA Social Security is 6.2% on $ 142 comma...

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Accounting

Assume the following:
1.
FICA Social Security is 6.2% on $ 142 comma 800; FICA Medicare is 1.45% on all earnings.
2.
Each employee contributes $ 75 biweekly for medical insurance.
3.
State income tax is 9% of gross pay.
4.
FIT is calculated using the federal income tax withholding table included.

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