Leithead, Inc., expects its gross payroll for the period to be $ 60,000. It expects to withhold 7.65
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Leithead, Inc., expects its gross payroll for the period to be $ 60,000. It expects to withhold 7.65 percent of gross payroll for FICA taxes, 15 percent for federal income taxes, and 5 percent for state in-come taxes. What is the expected net pay for the period?
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