TKSC Company has one employee, Reba Shas. FICA Social Security taxes are 6.2% of the first $117,000 paid to its employee, and FI
CA Medicare taxes are 1.45% of gross pay. For TKSC, its FUTA taxes are .6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee.
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To attempt this algebraic equation we will be multiplying 4 to (3 - x) bracket so as to form the term on L.H.S.
Combining like terms, we get,
- The value of x is 5.5