Question
Prior to the current period, Omar Phipps has earnings subject to Social Security tax of $131,750. During the current week Omar has gross earnings of
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Prior to the current period, Omar Phipps has earnings subject to Social Security tax of $131,750. During the current week Omar has gross earnings of $1,250, and contributes $60 to a dependent-care flexible spending account. What are his earnings subject to Social Security tax during the current week?
a. $1,150
b. $1,190
c. $1,250
d. $1,310
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Consolidated Financial Reporting
Authors: Paul Taylor
1st Edition
1853962503, 9781853962509
