Business, 11.02.2020 18:21, nerual0503

For each of the following employees, calculate the Social Security tax for the weekly pay period described
NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation

1. Alfred Morneau earned gross pay of $760. Each period he makes a 401(k) contribution of 3% of gross pay, and his current year taxable earnings for Social Security tax, to date, are $61,500
Total Social Security tax = $
2. Rachel Schillo eamed gross pay of $2,300. She does not make any retirement plan contributions, and her current year taxable earnings for Social Security tax, to date, are $106,400.
Total Social Security tax = $

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For each of the following employees, calculate the Social Security tax for the weekly pay period des...