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In each of the following independent situations, determine the amount of FICA that should be withheld from the employee's 2020 salary by the employer. Click
In each of the following independent situations, determine the amount of FICA that should be withheld from the employee's 2020 salary by the employer. Click to view Exhibit 13.5, FICA Rates and Base. If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Amount of FICA a. Harry earns a $111,400 salary and files a joint return. b. Hazel earns a $145,600 salary and files a joint return. $ C. Tracy earns a $188,400 salary and files a joint return. d. Alicia's 17-year-old son, Carlos, earns $19,000 at the family sole proprietorship. Exhibit 13.5 FICA Rates and Base 2016 2017 2018 2019 2020 2021 Social Security Tax Medicare Tax Percent X Base Amount + Percent X Base Amount 6.2096 118,500 + 1.4596" X Unlimited 6.20% 127,200 + 1.4596 X Unlimited 6.2096 128,400 + 1.45%** Unlimited 6.2096 132,900 + 1.45%** Unlimited 6.20% 137,700 + 1.4596 Unlimited 6.2096 + 1.45%6** X Unlimited Maximum Tax Unlimited Unlimited Unlimited Unlimited Unlimited Unlimited
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