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lianna [129]
3 years ago
7

Employee earned $37,000 during the year working for an employer when the maximum limit for social security was $118,500 each cal

endar year. the fica tax rate for social security is 6.2% and the fica tax rate for medicare is 1.45%. the employee's annual fica taxes amount is:
Mathematics
1 answer:
PIT_PIT [208]3 years ago
6 0

Answer:2907

Step-by-step explanation:

FICA Taxes = wages * (FICA tax rate+ Medicare tax rate)

FICA= 38,000*(.062+.0145)=2907 employee share

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