Question
An employee has year-to-date earnings of $114,300. The employee's gross pay for the next pay period is $4,800. if the FICAOASDI is 6.2% and the
An employee has year-to-date earnings of $114,300. The employee's gross pay for the next pay period is $4,800. if the FICAOASDI is 6.2% and the wage base is $118,500, how much
FICAOASDI tax will be withheld from the employee's pay? (Answer is rounded to the whole dollar.)
Question content area bottom
Part 1
A.$ 70
$70
B.$ 260
$260
C.$ 298
$298
D.$ 202
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
