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Molly Flynn, an accountant atCoorCompany, earned $102,800 from January to October. In November, Molly earned $8,500. Assume a tax rate of 6.2% for Social Security
Molly Flynn, an accountant atCoorCompany, earned $102,800 from January to October. In November, Molly earned $8,500. Assume a tax rate of 6.2% for Social Security on a $110,100.00 base (use this base, not the higher base in your textbook) and a Medicare tax rate of 1.45%. How much is deducted from Molly's pay for Social Security and for Medicare for the November pay period
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