Steve Is a Full-Time Exempt Employee at a Local Electricity

question 65

Multiple Choice

Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $43,325 and is paid biweekly. What is his Social Security tax deduction for each pay period? (Do not round interim calculations, only round final answer to two decimal points.)

• A) $123.95
• B) $103.31
• C) $98.67
• D) $106.34

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Definitions:

Precognition

The psychic ability to know or predict events before they happen, considered a paranormal phenomenon.

Telepathy

The supposed communication of thoughts or ideas without using the known sensory channels or physical interaction.

ESP

Extrasensory perception, the claimed ability to gain information without relying on known physical senses or deducing from previous experience.

Parapsychology

The study of paranormal and psychic phenomena, including telepathy, precognition, and extrasensory perception.