An employee has year-to-date earnings of ($143,903.) The employees gross pay for the next pay period is

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An employee has year-to-date earnings of \($143,903.\) The employee’s gross pay for the next pay period is \($5,000.\) If the FICA—OASDI is 6.2% and the wage base is \($147,000,\) how much FICA—OASDI tax will be withheld from the employee’s pay?

a. \($192\)

b. \($210\)

c. \($310\)

d. \($73\)

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Horngrens Accounting The Financial Chapters

ISBN: 9780137884858

14th Edition

Authors: Brenda Mattison, Tracie Miller-Nobles

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