(No COVID-19 provisions) Fiduciary Investments paid its employee, Yolanda, wages of $144,700 in 2021. Calculate the FICA tax: If required, round your answers to two decimal places. Withheld from Yolanda's wages: Social Security Medicare Paid by Fiduciary: Social Security Medicare Total FICA Tax

(No COVID-19 provisions) Fiduciary Investments paid its employee, Yolanda, wages of $144,700 in 2021. Calculate the FICA tax: If required, round your answers to two decimal places. Withheld from Yolanda's wages: Social Security Medicare Paid by Fiduciary: Social Security Medicare Total FICA Tax

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

Problem 9-9
The FICA Tax (LO 9.3)
(No COVID-19 provisions) Fiduciary Investments paid its employee, Yolanda, wages
of $144,700 in 2021. Calculate the FICA tax:
If required, round your answers to two decimal places.
Withheld from
Yolanda's wages:
Social Security
Medicare
Paid by Fiduciary:
Social Security
Medicare
Total FICA Tax

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