Question: Drill Problem 9-18 [LU 9-2 (1)] Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will reach

 Drill Problem 9-18 [LU 9-2 (1)] Assume a tax rate of

Drill Problem 9-18 [LU 9-2 (1)] Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1 and Table 9.2). (Do not round intermediate calculations and round your final answers to the nearest cent.) FICA Marital status Allowances claimed 4 FIT S.S. Employee Pat Brown M Net pay Gross pay $2,300 $ Med. 33.35 $ 142.60 $ $

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