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Samuel Coleman, filing status is married filing jointly, and he earned gross pay of $12,300. Each period he makes a 401(k) contribution of 12% of
Samuel Coleman, filing status is married filing jointly, and he earned gross pay of $12,300. Each period he makes a 401(k) contribution of 12% of gross pay and contributes $200 to a cafeteria plan. His current year taxable earnings for Social Security tax & Medicare tax, to date, are $130,950. Calculate his Social Security tax and his Medicare tax for this pay period
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
