Prior to the last weekly payroll period of this year, the cumulative earnings of Lenz and Trent are $84,000 and $60,320, respectively. Their earnings for the present pay period ending December 18, are Lenz, $2,310, and Trent, $2,010. Assuming that the Social Security tax is 6.2 percent on the first $113,700 paid during the calendar year and the Medicare tax is 1.45 percent on all earnings paid during the calendar year, the total amount of FICA taxes withheld this payroll period for both Lenz and Trent is

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The Answer of Prior to the last weekly payroll period of this year, the cumulative earnings of Lenz and Trent are $84,000 and $60,320, respectively. Their earnings for the present pay period ending December 18, are Lenz, $2,310, and Trent, $2,010. Assuming that the Social Security tax is 6.2 percent on the first $113,700 paid during the calendar year and the Medicare tax is 1.45 percent on all earnings paid during the calendar year, the total amount of FICA taxes withheld this payroll period for both Lenz and Trent is

Prior to the Last Weekly Payroll Period of This Year