Pay Adjusted for No - Marginal Tax Rate Federal Income Tax...

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Pay Adjusted for No. of Allowances Gross Pay – (No. of Allowances * deduction for each allowance) Lowest Wage in the Employee’s Tax Bracket Taxes Withheld on the Lowest Wage
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Unformatted text preview: Marginal Tax Rate Federal Income Tax Withheld Taxes withheld on lowest wages + Marginal Rate * (Adjusted income Lowest Wage in employees tax bracket)...
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This note was uploaded on 09/30/2009 for the course CSE 101 taught by Professor Allusethis during the Spring '08 term at Michigan State University.

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