Question

Felicia is a manager at the All You Can Eat Buffet. She earns $38,550 annually. If she pays 6.2% of her annual income toward Social Security and 1.45% of her income toward Medicare, how much will she pay in FICA tax in one year?

Answer 1

Answer: 6.2 + 1.45 is 7.65% which as a decimal is 0.0765 so multiply that by 38550.