Scout is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and is
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Scout is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and is paid on a semimonthly basis. As of October 31, Scout has year-to-date earnings of $116,666.67. The Social Security wage base is $118,500. What is the maximum amount of her taxable earnings that may be subject to Social Security tax for the November 15 pay period?
A. $5,833.33
B. $1,833.33
C. $4,000.33
D. $ 0
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Related Book For
Payroll Accounting 2017
ISBN: 978-1259572180
3rd edition
Authors: Jeanette Landin, Paulette Schirmer
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