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2: An employee works 39 regular hours during a workweek in August of 2021 . He was hired six years ago, earns a salary of
2: An employee works 39 regular hours during a workweek in August of 2021 . He was hired six years ago, earns a salary of $116,500//year, and is exempt from the overtime provisions of the FLSA. To date, he has received no compensation beyond his annual salary. He has requested that his employer withhold 12% of gross pay, which is to be contributed to a 403(b) plan.
Taxable income for federal income tax withholding =
Taxable income for social security tax =
Taxable income for medicare tax=
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