Question: 2: An employee works 39 regular hours during a workweek in August of 2018. He was hired six years ago, earns a salary of $116,500/year,

2: An employee works 39 regular hours during a workweek in August of 2018. He was hired six years ago, earns a salary of $116,500/year, and is exempt from the overtime provisions of the FLSA. To date, he has received no compensation beyond his annual salary. He has requested that his employer withhold 12% of gross pay, which is to be contributed to a 403(b) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $

3: An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2018. He earns $10,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $129,700 during the year. He has requested that his employer withhold 9% of gross pay, which is to be contributed to a 401(k) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $

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