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Chapter 5 - Homework Saved 0 You skipped this question in the previous attempt. 1 Critical Thinking 5-2 (Algo) 3 points Your boss approaches you
Chapter 5 - Homework Saved 0 You skipped this question in the previous attempt. 1 Critical Thinking 5-2 (Algo) 3 points Your boss approaches you in mid December and requests that you pay certain employees their gross pay amount as if there were no deductions as their year-end bonuses. None of the employees have reached the Social Security wage base for the year. Required: What is the gross-up amount for each of the following employees? (The tax rate on bonuses is 22 percent. The Social Security (6.299 and Medicare taxes (145) must be added to this rate) (Round your intermediate calculations and final answers to 2 decimal places.) Book Pri Grossed up Amount Employee Yves St John Kim Johnson Michelle Regular Gross Pay per Period $ 2.475 5 3.520 5 3,472
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