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1.The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30, 2013. Gottschalk is single and claims one allowance. Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding, state income tax (1.0%), and net pay for the current pay period. (Use the withholding table in Exhibit 11A. 6 and round tax amounts to the nearest cent.)
Total (gross) earnings for current pay period . . . . . . . . . . $ 740Cumulative earnings of previous pay periods . . . . . . . . . . $ 9,700
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The problem belongs to Accounting and it discusses about calculation of expected value from sales projection
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