Question
Janice Tax, an accountant for Flee Corp., earned $122,700 from January to June. In July she earned $8,000. Assuming a FICA tax rate of
Janice Tax, an accountant for Flee Corp., earned $122,700 from January to June. In July she earned $8,000. Assuming a FICA tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare, what is the FICA amount for the month? (Round your answer to the nearest cent.) FICA amount
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Introduction To AccountingAn Integrated Approach
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