Scout Freeman is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and

Question:

Scout Freeman is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and is paid on a semimonthly basis. As of October 31, Scout has year-to-date earnings of $116,666.67. The Social Security wage base is $127,200. What is the maximum amount of her taxable earnings that may be subject to Social Security tax for the November 15 pay period?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Payroll Accounting 2018

ISBN: 978-1259742514

4th edition

Authors: Jeanette Landin, Paulette Schirmer

Question Posted: