Question
MC Qu. 85 An employee earned... An employee earned $46,400 during the year working for an employer when the maximum limit for Social Security was
MC Qu. 85 An employee earned...
An employee earned $46,400 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
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Fundamentals Of Cost Accounting
Authors: T.R.Sikka
7th Edition
8130918706, 978-8130918709
