The monthly salaries for December and the year-to-date earnings as of November 30 for the three employees of the Lakeview Medical Center are listed below. Compute the amount of social security tax and Medicare tax to be withheld from each of the employee's gross pay for December. Assume a 6.2 percent social security tax rate on a maximum of $122,700 for the calendar year. Assume a 1.45 percent Medicare tax rate.
Definitions:
Erythropoiesis
The process through which new red blood cells are created in the bone marrow, a critical component in maintaining healthy oxygen levels in the blood.
Leukocytes
White blood cells that are part of the immune system, protecting the body against both infectious disease and foreign invaders.
Leucopoiesis
The production of white blood cells, a critical process in the body's immune response.
Hemophilia C
Hemophilia C, also known as Factor XI deficiency, is a mild form of hemophilia causing abnormal bleeding due to a lack of Factor XI.
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