am. 108. For 2022, the maximum base for the Social Security portion of the FICA tax isa. $137,700b. $57,000Oc. $141,900Od. $147,000

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For 2022, the maximum base for the Social Security portion a. $137,700 Ob.$57,000 Oc. $141,900 d. $147.000

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter5: Deductions For And From Agi

Section: Chapter Questions

Problem 13MCQ

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.

Question

am. 108.

For 2022, the maximum base for the Social Security portion of the FICA tax is
a. $137,700
b. $57,000
Oc. $141,900
Od. $147,000

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