18 Mar May Company has five salaried employees. Your task
May Company has five salaried employees. Your task is to use the following information to calculate net pay for each employee:Assume the following:1. FICA OASDI is 6.2% on $106,800; FICA Medicare is 1.45% on all earnings.2. Each employee contributes $45 biweekly for medical insurance.3. State income tax is 4% of gross pay.4. FIT is calculated from Figure7.2. View Solution: May Company has five salaried employees Your task is to
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