The chief executive officer earns $10.360 per month. As of May 31 her gross pay...
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Accounting
The chief executive officer earns $10.360 per month. As of May 31 her gross pay was $50,800. The tax rate for Social Security 16.2 t me tirst $128.400 earned each calendar year and the FICA tax rate for Medicare is 145% of all earnings. The current FUTA tax rate is 06%, and the SUTA tax rate it 54%. Both unemployment taxes are applied to the first 57.000 of an employee's pay. What is the amount of PICA Social Security withheld from this employee for the month of June? 5445455 0458 8 K

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