Question
Pat Maninen earns a weekly gross salary of: $ 3,000.00 Social Security tax: 6.20% Medicare tax: 1.45% Assume a rate of 6.2% for Social Security
Pat Maninen earns a weekly gross salary of: $ 3,000.00
Social Security tax: 6.20%
Medicare tax: 1.45%
Assume a rate of 6.2% for Social Security on a salary max of: $ 142,800.00
Required: Using the information given above, answer the following question:
a. What is Pat Maninen's yearly salary?
b. What are Pats first weeks deductions for Social Security?
c. What are Pats first weeks deductions for Medicare?
d. What amount of Pats wages are exempt from Social Security for the calendar year?
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Auditing Concepts And Methods
Authors: McGraw-Hill
1st Edition
0074701266, 978-0074701263
