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Unformatted text preview: 2. The taxable pay is the gross pay minus the deduction per dependent times the number of dependents 3. Withholding tax is calculated on the taxable pay according to the table in cells G12 through H16 4. Social Security/Medicate tax is calculated on the employee's gross pay 5. The overtime bonus is a variable rate and is found in cell D14 Soc Sec TNet Pay...
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- Spring '11
- Salary, Harshad number, Social Security Wage Base