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During 20--, Matti Perez, president of Maggert Company, was paid a semimonthly salary of $6,500. Compute the amount of FICA taxes that should be withheld from her: a. b. C. d. 9th paycheck 22nd paycheck 24th paycheck If Perez's year-to-date earnings as of her 24th paycheck are $156,000 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax? OASDI $_____ S_____ S_____ HI $_____ $_____ $_____ $____

During 20--, Matti Perez, president of Maggert Company, was paid a semimonthly salary of $6,500. Compute the amount of FICA taxes that should be withheld from her: a. b. C. d. 9th paycheck 22nd paycheck 24th paycheck If Perez's year-to-date earnings as of her 24th paycheck are $156,000 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax? OASDI $_____ S_____ S_____ HI $_____ $_____ $_____ $____

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 20--, Matti Perez, president of Maggert Company, was paid a semimonthly salary of $6,500. Compute the amount of FICA taxes that should be withheld from her: a. b. C. d. 9th paycheck. 22nd paycheck 24th paycheck If Perez's year-to-date earnings as of her 24th paycheck are $156,000 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax? OASDI $_____ S__--- $_____ HI $_____ $_____ $_____ $____
Transcribed Image Text:During 20--, Matti Perez, president of Maggert Company, was paid a semimonthly salary of $6,500. Compute the amount of FICA taxes that should be withheld from her: a. b. C. d. 9th paycheck. 22nd paycheck 24th paycheck If Perez's year-to-date earnings as of her 24th paycheck are $156,000 and her year-end bonus is $100,000, how much is the additional 0.9% HI tax? OASDI $_____ S__--- $_____ HI $_____ $_____ $_____ $____
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