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stiv31 [10]
3 years ago
13

Eleanor had a gross income of $2,478.15 during each pay period in 2010 if she got paid monthly how much of her pay was deducted

for FICA in 2010
Mathematics
1 answer:
lina2011 [118]3 years ago
5 0
According to reliable sources online, the FICA rate last 2010 amounted to 6.2%. The amount deducted to Eleanor's pay monthly is calculated by multiplying the monthly pay and the rate. That is,
                                    FICA (monthly) = ($2,478.15)(0.062)
                                                            = $153.636
Multiplying that amount by 12 (since there are 12 months in a year) is equal to $1843.632. Thus, $1843.632 was deducted from Eleanor's pay last 2010 for FICA. 
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Using the given equation A = P(1 +r)^t

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