Scout is the vice president for marketing at Sun Field Industries, earns $165,000 annually, and is paid
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Scout is the vice president for marketing at Sun Field Industries, earns $165,000 annually, and is paid on a semimonthly basis. As of November 15, Scout has year-to-date earnings of $144,375. The Social Security wage base is $147,000. 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
b. $1,835
c. $2,625
d. $0
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Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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