Business, 05.05.2020 05:40 richtercatrina16
Mike Samson is a college football coach making a base salary of $650,400 a year ($54,200 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the FICA base amount is $128,400. 1. Compute how much will be withheld during the year for Coach Samson’s Social Security and Medicare.
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Mike Samson is a college football coach making a base salary of $650,400 a year ($54,200 per month)....
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