During 2022, Greg Cruz (1401 Orangedale Road, Troy, MI 48084) works for Maple Corporation and Gray Company.

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During 2022, Greg Cruz (1401 Orangedale Road, Troy, MI 48084) works for Maple Corporation and Gray Company. He earns $96,000 at Maple Corporation, where he is a full-time employee. Greg also works part-time for Gray Company for wages of $54,000.

a. Did Greg experience an overwithholding of FICA taxes? Write a letter to Greg and a memo for the tax files in which you explain your conclusion.

b. Did Maple Corporation and Gray Company overpay the employer’s portion of FICA? Explain.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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Question Posted: Sep 24, 2023 07:49 AM

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During 2022, Greg Cruz (1401 Orangedale Road, Troy, MI 48084) works for Maple Corporation and Gray Company.

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a SWFT LLP 5191 Natorp Boulevard Mason OH 45040 January 16 2023 Mr Greg Cruz 1401 Orangedale Road Troy MI 48084 Dear Mr Cruz This letter is in respons...View the full answer

South Western Federal Taxation 2023 Comprehensive Volume

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