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Bill James earned $800 for the week. If his cumulative earnings are $30,000 prior to this pay period, how much FICAminusOASDI must his employer withhold
Bill James earned $800 for the week. If his cumulative earnings are $30,000 prior to this pay period, how much
FICAminusOASDI
must his employer withhold from his earnings? FICA tax rates are OASDI 6.2% on a limit of $117,000.
A.
$496.00
B.
$4.96
C.
$49.60
D.
None of the above is correct.
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