Assuming a FICA tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in
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Assuming a FICA tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127,200, 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 $208,000 for the year?
Related Book For
Materials and process in manufacturing
ISBN: 978-0471656531
9th edition
Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser
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