Exercise 12-23 (Algorithmic) (LO. 5)In 2023, Bianca earned a salary of $175,400 from her employer.Round your answer to whole dollar amount, if necessary.Determine the amount of FICA Social Security taxes and Medicare taxes withheld from her salary.Social Security: $10,875 XMedicare: $2,543 Exercise 12-23 (Algorithmic) (LO. 5)In 2023, Bianca earned a salary of $175,400 from her employer.Round your answer to whole dollar amount, if necessary.Determine the amount of FICA Social Security taxes and Medicare taxes withheld from her salary.Social Security: $10,875 XMedicare: $2,543

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Determine the amount of FICA Social Security taxes and Medicare taxes withheld from her salary.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Exercise 12-23 (Algorithmic) (LO. 5)
In 2023, Bianca earned a salary of $175,400 from her employer.
Round your answer to whole dollar amount, if necessary.
Determine the amount of FICA Social Security taxes and Medicare taxes withheld from her salary.
Social Security: $
10,875 X
Medicare: $
2,543

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