Question
Natalia is a full-time exempt employee who earns $215,000 annually, paid monthly. Her year-to-date pay as of November 30 is $197,083.30. How much will be
Natalia is a full-time exempt employee who earns $215,000 annually, paid monthly. Her year-to-date pay as of November 30 is $197,083.30. How much will be withheld from Natalia for FICA taxes for the December 31 pay date? (Social Security maximum wage is $118,500. Do not round intermediate calculations, only round final answer to 3 decimal points.)
$292.04
$394.79
$1,370.63
$421.04
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
