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Business, 24.04.2020 17:33 claytonp7695

Mike Samson is a college football coach making a base salary of $646,800 a year ($53,900 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the FICA base amount is $128,400. 1. Compute how much will be withheld during the year for Coach Samson’s Social Security and Medicare.

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Mike Samson is a college football coach making a base salary of $646,800 a year ($53,900 per month)....
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