Author Question: If the limit for Social Security (6.2) is 113,700 and Medicare (1.45) is applied to all earnings and ... (Read 64 times)

waynest · **on:** Jul 6, 2018

If the limit for Social Security (6.2) is 113,700 and Medicare (1.45) is applied to all earnings and Sally Reena's gross earnings this pay period are 7,300, with cumulative earnings prior to this pay period of 112,460, the amount of tax is
a. Social Security, 452.60; Medicare, 105.85.
b. Social Security, 0; Medicare, 0.
c. Social Security, 76.88; Medicare, 105.85.
d. Social Security, 0; Medicare, 17.98.
e. Social Security, 76.88; Medicare, 17.98.

Question 2

_________ ratios measure returns to stockholders and the value the marketplace puts on a company's stock.

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