Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Angie's gross pay for the week is $880. Her deduction for federal income tax is based on a rate of 24%. She has voluntary deductions
Angie's gross pay for the week is $880. Her deduction for federal income tax is based on a rate of 24%. She has voluntary deductions of $180. Her year - to - date pay is under the limit for OASDI. What is the amount of FICA - Medicare Tax deducted from her pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.) A. $278.52 B. $12.76 C. $211.20 D. $54.56
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started