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Homework answers / question archive / Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month)

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month)

Accounting

Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $128.400, how much will be withheld during the year for Peterson's Social Security and Medicare taxes. (Round your answers to the nearest dollar amount.) Multiple Choice $10.571 $13.770. S2.610 None of the other answer choices are correct

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