Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a 403(b) contribution of 7% of gross pay; and makes a contribution of 2.5% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $199,100. Medicare Tax _______ Incorrect answer: 52.55
Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a 403(b) contribution of 7% of gross pay; and makes a contribution of 2.5% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $199,100. Medicare Tax _______ Incorrect answer: 52.55
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 2BCRQ
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Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a 403(b) contribution of 7% of gross pay; and makes a contribution of 2.5% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $199,100.
Medicare Tax _______
Incorrect answer: 52.55
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