Computing FICA taxes An employee earned ($3,450) for the current period. Calculate the total and individual amounts
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Computing FICA taxes An employee earned \($3,450\) for the current period. Calculate the total and individual amounts to be withheld for Social Security (6.2%), Medicare (1.45%), and federal income tax (15%) assuming the entire employee’s pay is subject to FICA taxes.
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Related Book For 
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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