Scout Freeman is the vice present for marketing at Sun Field Industries. She earns $140,000 annually and
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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?
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583333 computed as November 15 pay 140000 24 58...View the full answer
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