Gabrien is a full-time exempt employee at a local electricity co-operative. He earns an annual salary...
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Gabrien is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $55,470 and is paid biweekly. He contributes 3% of his earnings to his 401(k) account and has no other pre-tax deductions. What is his Social Security tax deduction for each pay period? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Gabrien is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $55,470 and is paid biweekly. He contributes 3% of his earnings to his 401(k) account and has no other pre-tax deductions. What is his Social Security tax deduction for each pay period? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
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