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An employee works 36 regular hours during a workweek in August 2021. He was fired four years ago, earns a salary of $140,600/year, and is
An employee works 36 regular hours during a workweek in August 2021. He was fired four years ago, earns a salary of $140,600/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 6.5% of gross pay which is to be contributed to a 401(k) plan.
Taxable income for federal income withholding=
Taxable income for social security tax=
Taxable income for Medicare tax=
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