Question
DaveBrown's cumulative earnings are$118,000, and his gross pay for the week is$6,200. If the FICA ratesare: OASDI6.2% on a limit of$117,000 and Medicare is1.45%, what
DaveBrown's cumulative earnings are$118,000, and his gross pay for the week is$6,200. If the FICA ratesare: OASDI6.2% on a limit of$117,000 and Medicare is1.45%, what are his FICAminusOASDI and FICAminusMedicare taxes for theweek?
A.$384.40; $0
B.$0; $89.90
C.$0; $0
D.$384.40; $89.90
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
