Mike Samson is a college football coach making a base salary of $652,800 a year...
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Accounting
Mike Samson is a college football coach making a base salary of $652,800 a year ($54,400/month)
Employers are required to withold 6.25 Social Security Tax up to a maximum base amount and a 1.45% Medicare
Tax with no maximum. Assuming the FICA base amount is $118,500 compute how much will be witheld during
the year for Coach Samson's Social Security and Medicare. What additional amount will the employer need to
contriute?
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