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What would be an employee net pay for the year

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QUESTION 1: Assuming a FICA tax rate of 7.65% on the first $110,100 in wages and 1.45% in excess of $110,100 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 $180,000? Round all calculations to the nearest dollar.

Option 1: $135,577

Option 2: $126,141

Option 3: $144,000

Option 4: $134,563

Reference no: EM132553609

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