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FICA contributions are mandatory and include two major parts: Social Security and Medicare. In 2019 the FICA tax is 6.2 percent on the first $132,900
FICA contributions are mandatory and include two major parts: Social Security and Medicare. In 2019 the FICA tax is 6.2 percent on the first $132,900 of earnings for Social Security and 1.45 percent on all earnings for Medicare. Kyle has earnings of $142,900. What is the total FICA tax on Kyles earnings (to the nearest $1)
Group of answer choices
a) $8,240.
b) $10,167.
c) $10,312.
d) $10,932.
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