Question
CPP 6-1 Complete 4th quarter and Year-end payroll reporting Calculate total federal income tax, Social Security tax, and Medicare tax for the 4th quarter. Assume
CPP 6-1 Complete 4th quarter and Year-end payroll reporting
Calculate total federal income tax, Social Security tax, and Medicare tax for the 4th quarter. Assume that Zachary Fox earns the same amount for each of the final three weeks of the year (the only weeks in 2017 during which he worked) and that Calvin Bell earned the same amount during each of the 52 weeks of the year. Further assume that no changes to voluntary deductions were requested by any employee during 2017. Note that the final week of the year (beginning on December 25, 2017) is a full workweek (the 52nd workweek of 2017).
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