Lacy earns $90,000 annually and is paid on the last day of each month. Her monthly withholdings

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Lacy earns $90,000 annually and is paid on the last day of each month. Her monthly withholdings consist of 7.65% for FICA taxes, $845 for federal income taxes, $800 for health insurance, and $1,060 for contributions to a retirement plan.

What is her monthly take-home pay? Round to the nearest penny.

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Aug 16, 2023 12:00 AM

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Lacy earns $90,000 annually and is paid on the last day of each month. Her monthly withholdings

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To calculate Lacys monthly takehome pay we need to subtract her withholdings from her annual salary ... View the full answer

Fundamentals of Financial Accounting

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