How much in Social Security taxes should be deducted from Laruen E's check?*round to the nearest penny* How much Social Security will be withheld from Lauren's pay for the 51st pay (next week's pay)? How much in Medicare taxes should be deducted from Laruen E's check?*round to the nearest penny* What is Gabriel J's net (take home) pay?*round to the nearest penny* Module 5 - Problem part 2The following 2 employees are PAID weekly. Each employee's taxable part of their wages islisted below and their pay has remained the same all year. This is the 50th pay of the year.1. Lauren E. Gross paySocial Security taxable:Medicare taxable:Actual Federal withholdingAssume no state or county withholdingActual medical premium withholding2. Gabriel J. Gross pay$3,170$2,450$2,950Social Security taxable:Medicare taxable:$1,210$1,040$1,040Actual Federal withholdingAssume no state or county withholdingActual medical premium withholding$340$0$220$130$0$170

Social security taxes are the taxes, which are collected from the employees and employers by…

How much in Social Security taxes should be deducted from Laruen E's check? *round to the nearest penny* How much Social Security will be withheld from Lauren's pay for the 51st pay (next week's pay)? How much in Medicare taxes should be deducted from Laruen E's check? *round to the nearest penny* What is Gabriel J's net (take home) pay? *round to the nearest penny*

How much in Social Security taxes should be deducted from Laruen E's check? round to the nearest penny How much Social Security will be withheld from Lauren's pay for the 51st pay (next week's pay)? How much in Medicare taxes should be deducted from Laruen E's check? round to the nearest penny What is Gabriel J's net (take home) pay? round to the nearest penny

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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