Question
The Social Security of FICA tax has two components The Social Security Benefits Tax, which in 2015 is 6.2 percent on the first $102,000 of
The Social Security of FICA tax has two components The Social Security Benefits Tax, which in 2015 is 6.2 percent on the first $102,000 of earnings for the year, and the Medicare tax, which is 1.45 percent of earnings. The following program should calculate and employees FICA tax for the current pay period.
I'm wondering what the code should be, as the first textbox should enable the person to enter the total earnings prior to the current pay period, the second textboxshould allow earnings for the current pay year which all of that should calculate the FICA taxes for the current year.
visual basic
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started