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Bill's gross pay for the week is $2,150. His deduction for federal income tax is based on a rate of 25%. He has no voluntary
Bill's gross pay for the week is $2,150. His deduction for federal income tax is based on a rate of 25%. He has no voluntary deductions. His year-to-date pay is under the limit for OASDI. What is the amount of FICA tax that will be withheld from Bill's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $701.98 B. $164.48 C. $537.50 D. $136.50
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