LO 5-3 Scout is the vice president for marketing at Sun Field Industries, earns $175,000 annually, and

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LO 5-3 Scout is the vice president for marketing at Sun Field Industries, earns

$175,000 annually, and is paid on a semimonthly basis. As of November 15, Scout has year-to-date earnings of $153,125. The Social Security wage base is $160,200. What is the maximum amount of taxable earnings that may be subject to Social Security tax for the November 30 pay period?

a. $5,833.27

b. $6,235.33

c. $7,291.67

d. $7,074.93

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Payroll Accounting 2024

ISBN: 9781266832352

10th International Edition

Authors: Jeanette Landin, Paulette Schirmer

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