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Tom's gross pay for the month is $2, 700. Tom's deduction for federal income tax is based on a rate of 21%. Tom has no
Tom's gross pay for the month is $2, 700. Tom's deduction for federal income tax is based on a rate of 21%. Tom has no voluntary deductions. Tom's yearly pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tom's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) A. $387.45 B. $206.55 C. $773.55 D. $567.00
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