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Exam (elaborations)

FPC TOP Exam Questions And 100% CORRECT Answers

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Finding the base FIT using Percentage Method: Finding the FIT on Supplemental Wages: Optional Fat Rate- (Other compensation + any reimbursement) x 25%, Finding Social Security Tax: Total Compensation x 6.2% Finding Medicare Tax: Total Compensation x 1.45% Finding the net pay: Total Compensation - Base FIT -Supplement FIT -Social Security Tax- Medicare Tax -Reimbursements

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