Question
Find the Social Security tax and the Medicare tax paid by Roger Fosia for the current pay period. Assume all Roger's earnings are subject to
Find the Social Security tax and the Medicare tax paid by
Roger
Fosia
for the current pay period. Assume all
Roger's
earnings are subject to both taxes and that the FICA rate is 6.2% and the Medicare rate is 1.45%.
| Employee | Earnings Current Pay Period | FICA @ 6.2% | Medicare @ 1.45% |
|---|---|---|---|
| Fosia, R. | $581.82 | $581.82 |
What is the FICA tax deducted from
Roger's
current gross earnings?
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Connect For Data Analytics For Accounting
Authors: Author
2nd Edition
1264152000, 9781264152001
