ow much do the employer and employee pay for Medicare each monthly pay period for (a) Ana, (b) Roberto, (c) Maria, and (d) Jim? Employee Annual Salary Paid Monthly Employer Ana $250,000 Self Roberto $90,000 Johnson Manufacturing Maria $120,000 Johnson Manufacturing Jim $50,000 Self

ow much do the employer and employee pay for Medicare each monthly pay period for (a) Ana, (b) Roberto, (c) Maria, and (d) Jim? Employee Annual Salary Paid Monthly Employer Ana $250,000 Self Roberto $90,000 Johnson Manufacturing Maria $120,000 Johnson Manufacturing Jim $50,000 Self

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 16MC: An employee earns $8,000 in the first pay period. The FICA Social Security Tax rate is 6.2%, and the...

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Question

How much do the employer and employee pay for Medicare each monthly pay period for (a) Ana, (b) Roberto, (c) Maria, and (d) Jim?

Employee	Annual Salary Paid Monthly	Employer
Ana	$250,000	Self
Roberto	$90,000	Johnson Manufacturing
Maria	$120,000	Johnson Manufacturing
Jim	$50,000	Self

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