Exercise 13-23 (Algorithmic) (LO. 5)In 2022, Bianca earned a salary of $161,200 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: $XMedicare: $X

Starting Jan. 1, 2022, the maximum earnings subject to the Social Security payroll tax will…

Answered: in 2022, Bianca earned a salary of $

Business

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in 2022, Bianca earned a salary of $

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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Question

Exercise 13-23 (Algorithmic) (LO. 5)
In 2022, Bianca earned a salary of $161,200 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: $
X
Medicare: $
X

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