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

question 65

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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.)


Definitions:

Flexibility

Flexibility in a workplace context refers to the adaptability of an organization and its employees to changes or new demands, including work schedules, tasks, and strategies.

Adaptability

The ability to adjust oneself readily to different conditions and environments.

Continuous-Process Production

A production process where raw materials are continuously transformed by an automated system.

Highly-Automated

Describing a system or process that extensively uses automation technology to reduce or eliminate human intervention.

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