Question
An employee earned $37,000 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for
An employee earned $37,000 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
| $160,000 | ||
| $92,000 | ||
| $72,000 | ||
| $300,000 | ||
| $68,000 |
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Trap Doors And Trojan Horses An Auditing Action Adventure
Authors: D. Larry Crumbley, David Kerr, Veronica Paz, Lawrence Smith
1st Edition
1531021573, 978-1531021573
