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8 years ago
Tom's gross pay for the month is $2,700. Tom's deduction for federal income tax is based on a rate of 21%. Tom has no voluntary deductions. Tom's yearly pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tom's pay? (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of
1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A) $206.55
B) $567.00
C) $773.55
D) $387.45
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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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H3Ko Author
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8 years ago
I just realized you had posted this! Thanks so much
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