A. Rasheed works for Company A, earning $431,000 in salary during 2020.

Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year?

B. What amount of childcredit will Trey be able to claim for his daughters under each of the following alternative situations?

7 0/555 points awarded E! Print Rasheed works for Company A, earning $431,000 in salary during 2020. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your intermediate and final answer to the nearest whole dollar amount.) EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold Married filing jointly $400,000 Married filing separately 200,000 Head of household and 200,000 single