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The monthly salaries for December and the year-to-date earnings of the employees of...

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Accounting

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The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of social security tax to be withheld from each employee's gross pay for December. Assume a 6.2 percent social security tax rate and an earnings base of $122,700 for the calendar year. (Round your final answers to 2 decimal places.) Employee No. Social Security Tax 6.20% Year-to-Date Soc. Sec. December Earnings Taxable Salary Through Earnings November 30 December $ 9,900 $ 99,000 10,000 70,000 10,709 117,799 10,000 100,000 4

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