Question: Parry Paint LLC started operations on January 1, 2019. It had the following payroll transactions during the year. On January 15, the company paid employee
Parry Paint LLC started operations on January 1, 2019. It had the following payroll transactions during the year. On January 15, the company paid employee B. Vaugh $1560 for her January 1-15 salary. The company matches FICA deductions. Calculate the following:
Gross Pay=$2,000
Income Taxes 15%=
FICA Social Security 6.2%=
FICA Medicare 1.45%=
Total deductions=
Net pay=
Required: Calculate B. Vaughns's net pay.
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