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22 (4.37 points) Saving... Jim is single and earns gross wages of $300,000 from his job at Micro during 2021. Assume the FICA tax rate
22 (4.37 points) Saving... Jim is single and earns gross wages of $300,000 from his job at Micro during 2021. Assume the FICA tax rate is 7.65%, comprised of 6.2% Social Security and 1.45% Medicare. The wage limit for Social Security is $142,800. How much FICA tax will Jim's employer pay in 2021 (round to the nearest dollar)? a) $0 b) $22,950 c) $14,104 d) $13,204
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Design And Maintenance Of Accounting Manuals
Authors: Harry L. Brown
3rd Edition
0471253685, 978-0471253686
