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The chief executive oflicer earns $20,800 per month. As of May 31, her gross pay was $104,000. The tax rate for Social Security is 6.2%
The chief executive oflicer earns $20,800 per month. As of May 31, her gross pay was $104,000. The tax rate for Social Security is 6.2% of the first $137700 earned each calendar year and the Federal insurance Contributions Act (FACA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rater is 06%, and the State Unemployment Taxes (SUTA) tax tate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of Eederal Insurance Contributions Act (FICA) - Medicare withheld from this employee for the month of June? Mingle Chaice 5128960 $644.80 $754088 327698 530160
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