Question: This problem is make sure you understand Social Security, Medicare, and Additional Medicare Contribution Taxes. Brent is an employee of XYZ Inc. Brent's annual compensation

This problem is make sure you understand Social Security, Medicare, and Additional Medicare Contribution Taxes. Brent is an employee of XYZ Inc. Brent's annual compensation is $350,000. Brent's filing status is single. His federal income tax withholding was $80,000. Answer the following questions: 1. What is the total business deduction for XYZ Inc? 2. What is the total amount of taxes paid on behalf of Brent to the federal government for income taxes and payroll taxes? 3. What is the total amount of taxes withheld from Brent's paychecks for the year? 4. What is Brent's net pay for the year

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