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Following are some transactions and events of Business
Solution
s. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $140 per day. Mar. 25
The company sold merchandise with a $2,132 cost for $2,800 on credit to Wildcat Services,
invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her
$1,120 of wages are subject to no deductions other than FICA Social Security taxes, FICA
Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total
$112. Compute her net pay for the eight days' work paid on February 26. (Round your answer to
2 decimal places. Do not round intermediate calculations.) Net pay

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Following are some transactions and events of Business Solutions. Feb.pdf

  • 1. Following are some transactions and events of Business Solution s. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $140 per day. Mar. 25 The company sold merchandise with a $2,132 cost for $2,800 on credit to Wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,120 of wages are subject to no deductions other than FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $112. Compute her net pay for the eight days' work paid on February 26. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Net pay