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Question 2 1 pts Use the following information to answer questions 5 through 4. Sandy, Inc. has total payroll for the month of December
Question 2 1 pts Use the following information to answer questions 5 through 4. Sandy, Inc. has total payroll for the month of December of $260,000. Of that amount, $6,000 is NOT subject to the the FICA (Social Secuity) tax. Federal income tax withholdings are 18%, state income tax withholdings are 4.5%, the Social Security tax rate is 6.2% the Medicare tax rate is 1.45%. 2) What amount does Sandy withhold only for the FICA tax?
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