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Tony's gross pay for the month is $3,400. Tony's deduction for federal income tax is based on a rate of 24%. Tony has no
Tony's gross pay for the month is $3,400. Tony's deduction for federal income tax is based on a rate of 24%. Tony has no voluntary deductions. Tony's year-to-date pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tony's pay? (Assume a FICA OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.) A. $487.90 B. $260.10 C. $816.00 D. $1,076.10
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