Computing automatic deduction for medical insurance


Q1) Compute and illustrate all work for:

1) Gross Pay

2) Net pay for employee #12's weekly pay below:

Employee 12 is on salary and makes $2,000 per week. He is subject to FICA tax of 6%, Medicare tax of 1.5%, and has the automatic deduction for medical insurance of $130.

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Accounting Basics: Computing automatic deduction for medical insurance
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