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Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $13,200. He is single and claims 1 deduction.
Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $13,200. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $112,700. (Social Security maximum is 6.2% on $118,500 and Medicare is 1.45%). Calculate FIT by the percentage method. (Use Table 9.1 and Table 9.2) (Round your answer to 2 decimal places.) $ 7,093.32 FIT Social Security taxes Medicare taxes A A 191.40
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