Use the 2021 tax rates to find Social Security and Medicare deductions for the following problems. 13. Philip earned $1,589 last week, and had year-to-date earnings of $108,894 for the yea 14. Bill earned $3,592 on his last biweekly check, and had year-to-date earnings of $107,841.

Use the 2021 tax rates to find Social Security and Medicare deductions for the following problems. 13. Philip earned $1,589 last week, and had year-to-date earnings of $108,894 for the yea 14. Bill earned $3,592 on his last biweekly check, and had year-to-date earnings of $107,841.

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 9.1 163
Use the 2021 tax rates to find Social Security and Medicare deductions for the following
problems.
13. Philip earned $1,589 last week, and had year-to-date earnings of $108,894 for the year
14. Bill earned $3,592 on his last biweekly check, and had year-to-date earnings of
$107,841.
r-to-date earnings of $28,338

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