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This problem is make sure you understand Social Security, Medicare, and Additional Medicare Contribution Taxes. Kallie is an employee of ABC Inc. Kallie's annual compensation
This problem is make sure you understand Social Security, Medicare, and Additional Medicare Contribution Taxes. Kallie is an employee of ABC Inc. Kallie's annual compensation is $105,000. Kallie's filing status is single. Her federal income tax withholding was $15,000. Answer the following questions: 1. What is the total business deduction for ABC Inc? 2. What is the total amount of taxes paid on behalf of Kallie to the federal government for income taxes and payroll taxes? 3. What is the total amount of taxes withheld from Kallie's paychecks for the year? 4. What is Kallie's net pay for the year
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