nicolekarcha06 nicolekarcha06

11-01-2024
Mathematics

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Using the information below, calculate each worker's net monthly income (NMI). GAI is gross annual income, and GMI is gross monthly income. (Note: Actual state and local tax rates will vary.) A college student, Ibram works part time for an annual salary of $11,900 a year. Gross Monthly Income (GMI)$ Monthly Federal Income Tax (11.6%)$ Monthly Social Security (FICA) (6.2%)$ Monthly Medicare (1.45%)$ Monthly State Tax (4%)$ Monthly Local Tax (0.1%)$Total Monthly Deductions$ Ibram's Net Monthly Income (NMI)$

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