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14-12-2022
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Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,540. The Federal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137700 earned each calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $68070. His net pay for the month is Multiple Choice O $3,511.99 O $3,857.30 $4,190.84 O $4,538.00 $3,162.98

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