Exercise 5-6B (Static)

Scout Freeman is the vice president for marketing at Sun Field Industries. She earns $140,000 annually and is paid on a semimonthly basis. As of October 31, Scout has year-to-date earnings of $116,666.67. The Social Security wage base is $132,900. Required: What is the maximum amount of her taxable earnings that may be subject to Social Security tax for the November 15 pay period?

Multiple Choice

• $1,833.33

• $0

• $5,833.33

• $4,000.33