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Elina [12.6K]
2 years ago
12

There are two FICA taxes withheld from your paycheck: Social Security (6.2%) and Medicare (1.45%). Your gross pay for this month

is $1,200. What is total amount of FICA taxes withheld
Enter amount $.
Business
1 answer:
Yuliya22 [10]2 years ago
5 0

Answer:

91.80

Explanation:

Add your 2 percentages 2gether, then take that percentage, move your decimal back 2 places, & multiply the total monthly gross... then move your decimal

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Answer:

total taxable income = $73,000

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Explanation:

Clarice's ordinary income $30,000

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Clarice's capital gains tax rate 2011 = 10%

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total tax liability = $7,505

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