Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6 2 on $106,800 for Social Security and 1 45 for Medicare) Employee Cumulative earning before this pay period Pay amount this period Social Security Medicare Chin $99,300 $8,000 $ $ ...

The sum of employees current and prior cumulative gross earnings 9930080 ...

Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2%

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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $106,800 for Social Security and 1.45% for Medicare)

Employee	Cumulative earning before this pay period	Pay amount this period	Social Security	Medicare
Chin	$99,300	$8,000	$	$

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Principles of Taxation for Business and Investment Planning 2016 Edition

ISBN: 9781259549250

19th edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Posted Date: Apr 02, 2019 10:22 AM

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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2%

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Principles of Taxation for Business and Investment Planning 2016 Edition

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