Medicare tax

gift card breakage refers to Suppose a college football coach makes a base salary of $2,400,000…

gift card breakage refers to
Suppose a college football coach makes a base salary of $2,400,000 a year ($200,000 per month). Employers are required to wit
Suppose a college football coach makes a base salary of $2,400,000 a year ($200,000 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, through what month will Social Security be withheld? Multiple Choice 0 Social Security will be withheld only in January ( ) Social Security will be withheld through the entire year. 0 Social Security will be withheld through the month of March 0 Social Security will be withheld through the month of June < Prev 24 of 30 Next