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Tamara works for FunCorp. She makes $65,000 per year in salary. How much does she pay in FICA taxes for the year? $4,030.00 $4,972.50 $8,060.00

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Tamara works for FunCorp. She makes $65,000 per year in salary. How much does she pay in FICA taxes for the year? $4,030.00 $4,972.50 $8,060.00 $9,945.00 Gerry has a daughter aged two. He expects his daughter to attend college at the age of 18. Gerry expects his daughter's education fund will need to have $85,000 in it by the time she turns 18 , in order to pay for her education. Based on a rate of 7.0% per year, how much death benefit coverage does Gerry need today, in order to insure his daughter's future college education is paid for (use the needs-based approach)? $28,792.44 $42,500.00 $35,818.81 $85,000.00 Jay is self-employed. He has taxable income from self-employment of $200,000. The Social Security income limit for taxes is $75,000. How much total does Jay owe for Medicare taxes for the year? 1,450.00 $5,800.00 $2,900.00 $0.00. None. Question 11 3 pts Jacob works for Ron Ron Surf Shop, Inc.. He makes $40,000 per year in salary. How much does Jacob's employer pay for Jacob's FICA taxes each year? $2,480.00 $6,120.00 $4,960.00 $3,060.00

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