FICA or Federal Insurance Contributions Act is composed of social security tax and medicare tax. Hence, we need to add these taxes to get the FICA tax.Social Security Tax is = 6.2%Medicare Tax is = 1.45%
Social Security Tax = 36,038*.062 = 2,234.356 Medicare Tax = 36,038*.0145 = 522.552
2,234.356 + 522.552 = 2,756.907 or 2,756.91
Therefore, Elias paid B.) 2,756.91 as FICA tax for the year.
Answer:
2/5m - 1/5
Step-by-step explanation:
2(1/5m - 2/5) + 3/5
= 2/5m - 4/5 + 3/5
= 2/5m - 1/5
Answer:
0.13 tax
Step-by-step explanation:
0.044*3=0.132
5x-3=42. To solve you add three to both sides making the equation 5x=45. Then you divide both sides by five, and you get 9 as your answer.
Answer:
the answer would be the second one
Step-by-step explanation:
a congruency symbol consists of a = and a ~