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Alexander received $80,000 in salary in 2018. What is his FICA tax if the Medicare rate is 1.45%, the Social Security rate is 6.2% on
Alexander received $80,000 in salary in 2018. What is his FICA tax if the Medicare rate is 1.45%, the Social Security rate is 6.2% on the 2018 maximum of $128,400, and the FUTA rate is 6% on a $7,000 maximum?
Question 2 options:
1)
$4,960
2)
$6,120
3)
$6,540
4)
$10,920
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