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Accounting
QID: #18713
Subject: Accounting
Status: Verified Solution Available
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $18.70 per hour. She completed her W-4 stating that she is married with a child and claims an allowance of 1. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.8% on $108,700 for Social Security and 1.43% for Medicare). (One withholding allowance is $140.38 biweekly) What is her take home pay
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