This year, to date, Carolyn has earned $115.000 What will be the total deduction for Social Security on her next paycheck of $6000? (Social Security tax is 6.2% of grosswape up to $117,000)

Social security tax is a payroll deduction paid on the net earnings limited to the annual specific…

Answered: This year to date, Carolyn has named…

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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This year to date, Carolyn has named $115.000. What will be the total deduction for Social Security on her next paycheck of $6000? (Social Security tax is 6.2% of gross wapp to $117.000)