Get solution

Exercise 10.6 (Algo) Determining social security withholding. LO 10-3 The monthly salaries for December and the year-to-date earnings of the employees of Lincoln Project Company as of November 30 follow. Determine the amount of social security tax to be withheld from each employee's gross pay for December. Assume a 6.2 percent social security tax rate and an earnings base of $142 800 for the calendar year. Note: Round your answers to 2 decimal places. Year-to-Date Social Social Employee December Earnings Security Taxable Security Tax Number Salary Through November 30 Earnings 6.20% December 3 9.100 5 98.200 2 9.200 89,200 10 800 118,800 15,800 132,050