Carolyne is paid $2,000.00 biweekly. This year, to date, she has earned $23,300.00. What will be the total deduction for Social Security and Medicare taxes on her next paycheck? (Social Security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.) O $153.00 O $168.30 O $183.60 O $191.25

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 51P: Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys...
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Carolyne is paid $2,000.00 biweekly. This year, to date, she has earned $23,300.00. What will be the total deduction for
Social Security and Medicare taxes on her next paycheck? (Social Security tax is 6.2% of gross wages up to $128,400.
Medicare tax is 1.45% of all gross wages.)
$153.00
$168.30
$183.60
$191.25
Transcribed Image Text:Carolyne is paid $2,000.00 biweekly. This year, to date, she has earned $23,300.00. What will be the total deduction for Social Security and Medicare taxes on her next paycheck? (Social Security tax is 6.2% of gross wages up to $128,400. Medicare tax is 1.45% of all gross wages.) $153.00 $168.30 $183.60 $191.25
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