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Calculate the Medicare tax for the weekly pay period

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Reference no: EM132916087

Question - Calculate the Medicare tax for the weekly pay period described: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

Caleb Griffin's filing status is married filing jointly, and he has earned gross pay of $3,100. Each period he makes a 401(k) contribution of 7% of gross pay. His current year taxable earnings for Medicare tax, to date, are $198,400.

Reference no: EM132916087

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