(Answered) Larren buffett is concerned after receiving her weekly

Economics

Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT) may be incorrect. Larren is paid a salary of $4,000 weekly. She is married, claims 2 deductions, and prior to this payroll check, has total earnings of $115,000. What are the correct deductions for Social Security, Medicare, and FIT? Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare.

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Business Economics, Economics

Category:- Business Economics
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