Question: Using the earnings data given in Exercise 10.3, determine the amount of Medicare tax to be withheld from each employees gross pay for December. Assume

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.

Using the earnings data given in Exercise 10.3, determine the amount of

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