120,000 was paid to 16 salesmen in override commission, how much will each get. How much will go towrd social security tax & how much to medicare
In that case:
(a) the average amount paid to each salesperson = $120,000/16 = $7500; (b) Social Security Tax = 6.2% * 7500 = $465; (c) Medicare = 1.45% * 7500 = $108.75
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jeifunk|Points 6285|
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Asked 9/7/2012 3:23:14 PM
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