In December 2010, Bob Cratchit worked for Scrooge & Marley and earned $1,000. Federal income tax withholding is 10%. The FICA rate is 6.2% and the Medicare tax is 1.45%. What is Bob's net pay?

A) $1,000
B) $823.50
C) $900
D) $923.50

B

Business

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Indicate whether the statement is true or false

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