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Weye base ourng the year perlu dit one of these employees exceed the Social NOTE: For simplicity, all calculations throughout this exercise, both intermediate and

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Weye base ourng the year perlu dit one of these employees exceed the Social NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation 1 Dustin Woodward earned gross pay of $2.200 during a recent pay period. He contributes 8% of gross pay to a 403b) retirement plan and 550 each pay period cafeteria plan Taxable earnings = 5 2 Olivia Sutter earned gross pay of $950 during a recent pay period She contributes 5% of gross pay to a 401(k) retirement plan and 1% of gross pay to a dependent com flexible spending account Taxable earnings = Ana Grantham earned gross pay of 51 420 during a recent pay pedod She contributes $40 to a flexible spending account and 2.5% of gross pay to a separate dependent caro flessible spending account Taxable earnings = 4. Pad Bemateneamed gross pay of 51 100 during a recent pay period. He contributes 14% of gross paydondoti retirement plan Tacable camnings

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