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Employee Net Pay Maxwell Invernesss weekly gross earnings for the week ending December 18 were $3,480, and his federal incom
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Answer #1

While calculating net pay we need to deduct taxes from gross pay. These taxes includes FICA Tax, federal income tax, with holding taxes and health insurance premium etc

Inverness's net pay will be:

Gross Earnings $3480 Less Federal Income Tax 696.00 Social Security Tax (6) 208.80 Medicare (1.83) Net pay $2523 52. 20

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