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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 33
Solve the following problems using 6.2% up to $117,000 for social security withholding and 1.45% for Medicare.
Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month.
a. What are the withholdings for social security and Medicare for Dan's January paycheck
b. In what month will his salary reach the social security wage base limit
c. What are the social security and Medicare tax withholdings for Dan in the month named in part b
Dan Dietrich is an executive with Coronado Distributors. His gross earnings are $17,300 per month.
a. What are the withholdings for social security and Medicare for Dan's January paycheck
b. In what month will his salary reach the social security wage base limit
c. What are the social security and Medicare tax withholdings for Dan in the month named in part b
Explanation
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Following information is given:
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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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