asked 101k views
5 votes
Assuming a FICA tax rate of 8% on the first $100,000 in wages, 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 $120,000 for the year?

asked
User Yonti
by
7.9k points

1 Answer

6 votes

Answer:

the answer is c

Step-by-step explanation:

answered
User Redjamjar
by
8.8k points
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