Suppose a college football coach makes a base salary of $2,400,000 a year ( $200,000 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $142,800, through what month will Medicare be withheld? Medicare will be withheld only in January. Medicare will be withheld through the entire year. Medicare will be withheld through the month of March. Medicare will be withheld through the month of June. What would be the impact on the balance sheet when a company acquires treasury stock? Increase assets and increase stockholders' equity Decrease assets and increase stockholders' equity Decrease assets and decrease stockholders' equity No effect on the balance sheet