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An employee has earned $130,300 prior to the current payroll period, and earns $5,300 during the current payroll period. Given that the maximum earnings threshold
An employee has earned $130,300 prior to the current payroll period, and earns $5,300 during the current payroll period. Given that the maximum earnings threshold for social security tax is $132,900, what portion of the employees earnings during the current period are subject to social security tax?
Multiple Choice $0 $2,600 $2,700 $5.300 Step by Step Solution
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