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Alex, an employee of Super Sunday, Inc., has gross salary for March of $5, 400. The entire amount is under the OASDI limit of $117,000

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Alex, an employee of Super Sunday, Inc., has gross salary for March of $5, 400. The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. The total amount of employee FICA tax is $826.20. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) True False

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