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Business, 24.12.2020 16:10 angela613972

Assuming a FICA tax rate of 8% on the first $100,000 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 $120,000 for the year?

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Assuming a FICA tax rate of 8% on the first $100,000 in wages, and a federal income tax rate of 20%...
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