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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 12
Solve the following problems using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax.
Brian Hickman is on executive with Westco Distributors. His gross earnings are $9,800 per month.
a. What are the withholdings for social security and Medicare for Brian in his January paycheck
b. In what month will Brian's salary reach the social security wage base limit
c. What are the social security and Medicare tax withholdings for Brian in the month named in part b
Brian Hickman is on executive with Westco Distributors. His gross earnings are $9,800 per month.
a. What are the withholdings for social security and Medicare for Brian in his January paycheck
b. In what month will Brian's salary reach the social security wage base limit
c. What are the social security and Medicare tax withholdings for Brian 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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