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H3Ko H3Ko
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8 years ago
Eric's gross pay for the week is $2,150. His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld from Eric's pay? (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $136.50
B) $164.48
C) $537.50
D) $701.98
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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