Mr. Juan Prez works as an employee of a pharmaceutical company and during 2007 receives an annual
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Mr. Juan Pérez works as an employee of a pharmaceutical company and during 2007 receives an annual salary of $ 24,000 and in addition, $ 16,000 for commissions and $ 12,000 for diet and mileage. In addition, the employer makes an annual contribution of $2,160.00 to Mr. Perez's medical plan.
- What of the above items are taxable for Social Security purposes?
- How much will both employer and employee have to pay for Social Security contributions?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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