Using the earnings data given in Exercise 10.3, determine the amount of Medicare tax to be withheld
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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.
Data From Exercise 10.3:
The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow.
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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