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Exercise 10.3 Determining social security withholding. LO 10-3 The monthly salaries for December and the year-to -date earnings of the employees of Bush Consulting Company
Exercise 10.3 Determining social security withholding. LO 10-3 The monthly salaries for December and the year-to -date earnings of the employees of Bush Consulting Company as of November 30 follow Decermine the amount of social security tax to be withheld from each employee's gross pay for December. Assume a 6.2 percent social security tax rate and an earnings base of $122,700 for the calendar yeac (Round your final answers to 2 decimal places) Employee December Eamings Taxable Salary Through E 10100 99.200 0,.200 119,990 100.200 10,200 10, 10,200 30 30 Du FS 2 2
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