Question

Using the earnings data given in Exercise 10.3, determine the amount of Medicare tax to be withheld from each employee’s gross pay for December. Assume a 1.45 percent Medicare tax rate and that all salaries and wages are subject to the tax.
In Exercise 10.3, The monthly salaries for December and the year-to-date earnings of the employees of Canzano Consulting Company as of November 30follow.


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  • CreatedAugust 08, 2014
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