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    College Accounting Study Set 2
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    Exam 7: Calculating Pay and Payroll Taxes: the Beginning of the Payroll Process
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    When an Employee's Earnings Are Greater Than FICA Base Limit
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When an Employee's Earnings Are Greater Than FICA Base Limit

Question 7

Question 7

True/False

When an employee's earnings are greater than FICA base limit during the calendar year, no more FICA-OASDI tax is deducted from earnings.

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