Question
Inna is a single, full-time exempt employee who earns $232,500 annually, paid monthly. Her year-to-date pay as of November 30 is $213,125. How much will
Inna is a single, full-time exempt employee who earns $232,500 annually, paid monthly. Her year-to-date pay as of November 30 is $213,125. How much will be withheld from Inna for FICA taxes for the December 31 pay date? (Social Security maximum wage is $142,800. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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| A) | $280.94 | |
| B) | $174.38 | |
| C) | $455.31 | |
| D) | $348.76 |
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
