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Calculating Your Paycheck Salary Worksheet 1 Answer Key Form

Calculating Your Paycheck Salary Worksheet 1 Answer Key Form

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Instructions and help about ed callahan is an executive at the local bank his annual salary is 75 530 if ed receives a paycheck every two weeks what is his biweekly salary

it's the question that's on everyone's mind if the number two pencil is the most popular why is it still number two huh that is a good question but it's a little off topic I think a more relevant question is where did all my paycheck money go well portions of your paycheck are deducted every pay period they are listed here as withholdings because they are withheld from your pay check your gross earnings are what you started out with before the deductions but that amount decreases as the deductions are taken out federal income tax is automatically deducted and many states also take out income tax so we subtract $53.90 and $19.60 then there are also withholdings for FICA the federal Insurance contributions act this St tax is taken out to pay older Americans their social security retirement benefits and Medicare or Hospital insurance benefits it's a mandatory payroll deduction so we subtract $711 and $20.58 some of these paycheck withholdings will e

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