Suppose a college football coach makes a base salary of ( $ 2,400,000 ) a year ( ( $ 200,000 ) per month). Employers are required to withhold a ( 6.2 % ) Social Security tax up to a maximum base Amount and a 1.45 % Medicare tax with no maximum. Assuming the Social Security maximum base amount is ( $ 142,800 ), how much will be withheld

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Suppose a college football coach makes a base salary of  (  $ 2,400,000  ) a year (  (  $ 200,000  ) per month). Employers are required to withhold a  ( 6.2  %  ) Social Security tax up to a maximum base Amount and a 1.45 % Medicare tax with no maximum. Assuming the Social Security maximum base amount is  (  $ 142,800  ), how much will be withheld during the year for the coach's Social Security and Medicare taxes? (Round your answers to the nearest dollar amount.) Militiple Choice  [  $ 34,800  ] 543,654 None of these answer chaices are correct.  (  $ 183,600  )

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(Solved): Suppose a college football coach makes a base salary of \( \$ 2,400,000 \) a year ( \( \$ 200,000 \ ...

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