4: Shawn Buffett's filing status is married filing separately, and he has earned gross pay of $2,680. Each period he makes a 401(k) contribution of 14% of gross pay and contributes $60 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $210,300. Total Medicare Tax = $

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Please calculate the Medicare tax. Note : All calculations both intermediate and final should be rounded to two decimal places at each calculation.
4: Shawn Buffett's filing status is married filing separately, and he has earned gross pay of $2,680. Each period he makes a 401(k) contribution of 14% of gross pay and
contributes $60 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $210,300.
Total Medicare Tax = $
Transcribed Image Text:4: Shawn Buffett's filing status is married filing separately, and he has earned gross pay of $2,680. Each period he makes a 401(k) contribution of 14% of gross pay and contributes $60 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $210,300. Total Medicare Tax = $
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