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During the week ended April 26, 2013, Andy Tyler worked 40 hours. His regular hourly rate is $15. Assume that his earnings are subject to social security tax at a rate of 6.2 percent and Medicare tax at a rate of 1.45 percent. He also has deductions of $31 for federal income tax and $21 for health insurance.
A) What is his gross pay for the week?
B) What is the total of his deductions for the week?
C) What is his net pay for the week?
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The process of using resources or capabilities effectively and efficiently.
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