It is unlikely is the expected answer. (<em>c</em><em>o</em><em>r</em><em>r</em><em>e</em><em>c</em><em>t</em><em> </em><em>o</em><em>n</em><em>e</em><em>)</em>
Hope this helps.
Answer:
2 AND 3
Step-by-step explanation:
<span>The Federal Insurance Contributions Act (FICA) requires employers to withhold a certain percentage of an employee's income as tax. The categories are:
6.2% as social security tax
1.45% as Medicare tax
0.9% as Medicare surtax for employees earning more than $200,000
In this case, the percentage of tax applied will be 6.2 + 1.45 = 7.65%
The FICA tax will be 110,330 * 0.0765
FICA tax = $8,440.24</span>
