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6. Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000– $50,001– $70,001– $85,001– $100,001– Amount $50,000 $70,000 $85,000 $100,000 $175,000

6. Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000– $50,001– $70,001– $85,001– $100,001– Amount $50,000 $70,000 $85,000 $100,000 $175,000

Individual Income Taxes
Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 15DQ: LO.5 Beige Corporation has a fiscal year ending April 30. For the year ending April 30, 2018, Beige...
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6. Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000– $50,001– $70,001– $85,001– $100,001– Amount $50,000 $70,000 $85,000 $100,000 $175,000 OS7,144 O$176
Transcribed Image Text:6. Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000– $50,001– $70,001– $85,001– $100,001– Amount $50,000 $70,000 $85,000 $100,000 $175,000 OS7,144 O$176
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