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Phani
Questions (1)
Antique Arts Company would pay Rs. 2.50 as dividend per share for the next year
and is expected to grow indefinitely at 12%. What
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Answers (1)
Computation/Explanation: Employee A: SS Tax = $650 x 6% = $39 Medicare Tax = $850 x 1.5% = $12.75 Employee B: SS Tax = $850 x 6% = $51 Medicare Tax = $850 x 1.5% = $12.75 Total FICA tax: $39 + $12.75 + $51 + $12.75 = $115.50 Please note that we used $650
