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Not sure what I am doing wrong? I divided 13,500 by 52 got 259.62. I subtracted it from the weekly wages of 813 along with
Not sure what I am doing wrong? I divided 13,500 by 52 got 259.62. I subtracted it from the weekly wages of 813 along with 33 for fit 50.41 for OASDI, 11.79 for HI, and 18.70 for state. Help, please.
George Clausen (age 48) is employed by Kline Company and is paid an annual salary of $42,276. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Clausen: Round your answer to the nearest cent. As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or Later with Standard Withholding and 2021 FICA rates have been used. a. What is the maximum that he can contribute into this retirement fund? $ 13,500 b. What would be the company's contribution? $ 1,268.28Step by Step Solution
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