For last week, calculate the amount of social security and Medicare taxes to be withheld in each case. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee Blue Bonnett Charlie Lee Cumulative Earnings Year-to-Date Earnings Last Week Social Security Tax Withheld Medicare Tax Withheld $ 151,600.00 $ 4,600.00 3,600.00 101,600.00
For last week, calculate the amount of social security and Medicare taxes to be withheld in each case. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee Blue Bonnett Charlie Lee Cumulative Earnings Year-to-Date Earnings Last Week Social Security Tax Withheld Medicare Tax Withheld $ 151,600.00 $ 4,600.00 3,600.00 101,600.00
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 2SEB
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