Rans wage income is $47,350 in 2018. The combined employer and employee FICA tax rates that apply
Question:
Ran’s wage income is $47,350 in 2018. The combined employer and employee FICA tax rates that apply to Ran’s wages are:
a. 15.3% for Social Security and Medicare.
b. 6.2% for Social Security and Medicare.
c. 1.45% for Medicare
d. 7.65 for Social Security
e. None of the above
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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