The Federal Insurance Contributions Act (FICA) is made up of
two items, Social Security and Medicare taxes. For 2016, the Social Security
tax rate is 6.2% on the first $118,500 wages paid. The Medicare tax rate is
1.45% on the first $200,000 and 2.35% above $200,000. Since the total earnings is
only $110,700 which is not yet taxable. So there is no taxable earnings yet.
What R The Facts And/Or Numbers?
Answer:
x=8
Step-by-step explanation:
5(x+2)=6x+3x-14
5x+10=6x+3x-14. distributive property
10+14=8x-5x. combine like term
24=3x. addition and subtraction property
24/3 = 3x/3. division property
8=x
> x = 8