Question
Kate received $130,000 in salary in 2018. What is her FICA tax if the Medicare rate is 1.45% and the Social Security rate is 6.2%
Kate received $130,000 in salary in 2018. What is her FICA tax if the Medicare rate is 1.45% and the Social Security rate is 6.2% on a maximum of $128,400 in 2018?
Question 1 options:
1)
$7,961
2)
$8,060
3)
$9,846
4)
$9,945
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
