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Mathematics, 03.10.2019 01:30 cbawesome8

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the president has decided to have april be a payroll tax holiday month. the portion
you pay of social security and medicare will not be withheld on your april
paycheck. currently, social security is withheld at 12.4%, split equally between the
employer and employee. medicare is withheld at 2.9%, also split equally. assuming
your april gross pay is $2000 and ignoring any other deductions, how much do you
gain from the tax holiday for the month of april? explain how you calculated your
result.

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Answers: 1

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