Answer:
$7,305.50
Step-by-step explanation:
The computation of the FICA tax pay in 2005 is shown below:
Medicare = 1.45% × $119,000 = $1,722.50
And, Social security tax = 6.2% × 90,000 = $5,580
So, the FICA tax in 2005 is
= Medicare tax + Social security tax
= $1,722.50 + $5,580
= $7,305.50
