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H3Ko H3Ko
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Alex, an employee of Super Sunday, Inc., has gross salary for March of $5,500. The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. The total amount of employee FICA tax is $841.50. (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%.)
A) True
B) False
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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7 years ago
Happy to help Smiling Face with Open Mouth
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