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1 Critical Thinking 5-2 (Algo) 10 points Your boss approaches you in mid-December and requests that you pay certain employees their gross pay amount as
1 Critical Thinking 5-2 (Algo) 10 points Your boss approaches you in mid-December and requests that you pay certain employees their gross pay amount as if there were no deductions as their year-end bonuses. None of the employees have reached the Social Security wage base for the year. eBook Required: What is the gross-up amount for each of the following employees? (The tax rate on bonuses is 22 percent. The Social Security (6.2%) and Medicare taxes (1.45%) must be added to this rate.) (Round your intermediate calculations and final answers to 2 decimal places.) Print References Employee Grossed-up Amount Yves St. John Regular Gross Pay per Period $ 1,575 $ 2,560 $ 2,416 Kim Johnson Michael Hale
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