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Payroll and Payroll Taxes

9. Current Liabilities / Payroll and Payroll Taxes / Problem 9

Problem 9

An employee's gross pay is \$55,000. If federal income tax withheld is \$8,250 and state income tax withheld is \$2,750, what is the net pay?

A

\$46,000

B

\$55,000

C

\$45,000

D

\$44,000