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Question 10 (2.5 points) Assuming a FICA tax rate of 7.65% on the first $132,900 in wages, 1.45% on amounts in excess of $132,900,
Question 10 (2.5 points) Assuming a FICA tax rate of 7.65% on the first $132,900 in wages, 1.45% on amounts in excess of $132,900, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $190,200 for the year? $151,380 $141,162 3 $142,430 $142,247
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