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Assuming a FICA tax rate of 8% on the first $87,000 in wages, and a...

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Accounting

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Assuming a FICA tax rate of 8% on the first $87,000 in wages, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned 595,000? $76,000 $88,040 $69,040 $68,400

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