1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrews [41]
3 years ago
15

Janice Tax, an accountant for Flee Corp., earned $102,700 from January to June. In July she earned $8,000. Assuming a FICA tax r

ate of 6.2% for Social Security on $118,500 and 1.45% for Medicare, (A) how much of this month's earnings are taxed for Social Security and Medicare? and (B) what is the amount of FICA tax for Social Security and Medicare?
Mathematics
1 answer:
faust18 [17]3 years ago
6 0

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.

You might be interested in
How many roots does the following equation have? f(x) = 4x5 - 16x4 + 17x3 - 19x2 + 13x - 3 = 0
Anarel [89]
It has 5 roots. You can determine this by the degree of the polynomial
4 0
3 years ago
After John worked at a job for 10 years, his salary doubled. If he started at $x, his salary after 10 years is _____. $1/2x $x +
dlinn [17]
2X is the answer. I am sure.
3 0
3 years ago
Your mother gave you $15.00 to buy a present. This covered 3/4 of the cost. How much did the present cost?
Volgvan

Answer 20

Step-by-step explanation:

7 0
3 years ago
Anyone know this answer??
lara31 [8.8K]

Answer:

two

Step-by-step explanation:

The exact value of sec(60°) sec ( 60 ° ) is 2 .

6 0
3 years ago
When shopping for life insurance, the best strategy is to:
I am Lyosha [343]

Answer:

C. Figure out how much you need, then comparison shop using the Web and other resources.

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • Solve 2x+2>10 i need to know what this is?
    13·1 answer
  • What is the value of X
    7·2 answers
  • A 3cm² sector of an angle and radians o and r respectively has total perimeter of 7m.Find the possible values of o and r.
    10·1 answer
  • A marketing executive is studying Internet habits of married men and women during the 8am – 10pm time period on weekends ("prime
    9·1 answer
  • Simplify (2^9 x 3^5) (2^4 x 3)^2
    11·1 answer
  • 4,238.2 ÷ 8.09<br> Divide. Round your answer to the nearest hundredth.
    12·2 answers
  • The shapes are similar. Find the scale factor
    6·1 answer
  • Write the number in standard form.<br> 7 x 107
    12·1 answer
  • 2.WHICH OF THE FOLLOWING IS A NON- NUMERIC DATA ? Required to answer. Single choice.
    5·1 answer
  • What is the solution to the equation below?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!