Question: An employee works 40 regular hours during a workweek in August of 2021. He was hired six years ago, earns a salary of $116,100/year, and
An employee works 40 regular hours during a workweek in August of 2021. He was hired six years ago, earns a salary of $116,100/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 8% 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 = $
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