Question
Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $49,325 and is paid biweekly. What is his
Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $49,325 and is paid biweekly. What is his Social Security tax deduction for each pay period?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Multiple Choice
- $112.33
- $141.12
- $117.62
- $121.07
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Wyatt is a full-time exempt music engineer who earns $176,400 annually and is paid semimonthly. As of November 15, his year-to-date gross pay was $131,800.00. How much will be withheld for FICA taxes for the November 30 pay date?(Social Security maximum wage is $132,900. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Multiple Choice
- $206.68
- $246.05
- $157.43
- $174.78
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Natalia is a full-time exempt employee who earns $213,000 annually, paid monthly. Her year-to-date pay as of November 30 is $195,250.00. How much will be withheld from Natalia for FICA taxes for the December 31 pay date?(Social Security maximum wage is $132,900. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Multiple Choice
- $374.38
- $1,357.88
- $417.13
- $289.33
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