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

$5,300

$0

$2,700

$2,600

Question

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

$5,300

$0

$2,700

$2,600

Accepted Answer

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Question

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

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