The monthly salaries for December and the year-to-date earnings of the employees of Canzano Consulting Company as
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The monthly salaries for December and the year-to-date earnings of the employees of Canzano Consulting Company as of November 30 follow.
Determine the amount of social security tax to be withheld from each employee’s gross pay for December. Assume a 6.2 percent social security tax rate and an earnings base of $113,700 for the calendaryear.
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December Salary $ 9,900 10,000 10,709 10,000 Year-to-Date Earnings through November 30 Employee No. S 98,900 73,000 106,800 100,000
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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