The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%....

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The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%....

The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FICA taxes was $3,901.50. Given that this employee did not exceed the FICA earnings limitation, compute gross pay

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Answer 1

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Answer: $51,000 FICA taxes Social security tax Medicare tax = 6.20% 1.45% = 7.65% Computation of gross pay Gross Pay x 7.65%=

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Answer 2

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The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%....

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The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%....