Determine the total annual fica tax for an annual salary of $38,480.

2 answers:

6 0

The annual FICA (Federal Insurance Contributions Act) tax is composed of two parts: Social Security and Medicare Taxes. On the employee's side, he/she has to shoulder 6.2% of the annual salary for the Social Security Tax, and 1.45% of the annual salary for the Medicare Tax. So in total, FICA takes 7.65% of your annual salary as tax. To calculate the FICA tax to be paid, this is shown below:

$38,480 x 7.65% = $2943.72

Therefore, for an annual salary of $38,480, $2943.72 goes into FICA tax payment.

Phoenix [80]2 years ago

3 0

Answer:

Step-by-step explanation:

You might be interested in

Helllllllllpppppop meeeee

Sunny_sXe [5.5K]

"a" and integer is a whole number not a fraction or a decimal

7 0

3 years ago

Read 2 more answers

How many numbers lie between the squares of 39 and 40

Amiraneli [1.4K]

Answer:

i guess its 1...

Step-by-step explanation:

8 0

2 years ago

Read 2 more answers

Tyshawn drew a two-dimensional shape. The shape had multiple sides. The

Kaylis [27]

Answer:

This is a rectangle

Step-by-step explanation:

2D shape with 4 right angles would be a rectangle because 2 sides are equal and the other 2 would be equal to give you 4 right angles

6 0

2 years ago

I need to know how to solve this equation for x

mel-nik [20]

I hope this helps. X is equal to 4 and -9

5 0

3 years ago

Can someone tell me if my answer to this problem is correct, please? And if it isn't how do you solve it?

Mrac [35]

Answer:

Height of tree= 13.8m

Step-by-step explanation:

When finding the value of a in your working, I suggest to leave the answer to 5 significant figures so that your final answer is more accurate. The value of a should be 26.048m to 5 s.f.

Then multiplying 26.048 with sin 32° would give you 13.8m too when rounded off to 3 significant figures :)

I have attached my working too.

3 0

3 years ago