Question: A 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
A 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 withold 12% of gross pay which is to a 403b plan.
Taxable income for federal income tax withholding.......
Taxable income for social security tax...
Taxable income for medicare tax....
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