Question
Shaw has earnings before this pay period of $399,300 and paid this amount for this period of $6,100. Calculate the social security and Medicare deductions
Shaw has earnings before this pay period of $399,300 and paid this amount for this period of $6,100. Calculate the social security and Medicare deductions for the following employee( assume a tax rate of 6.2% on $128,400 for social security and 1.45% for Medicare). What is the social security this period? Medicare this period?
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Basic Accounting Concepts Principles And Procedures Volume 1
Authors: Gregory Mostyn, Worthy And James
2nd Edition
0991423100, 978-0991423101
