Homework Answers
| For 2019, the Social Security wage limit is $132900 | ||
| Additional Medicare tax 0.9% is payable above $200000 | ||
| Social Security tax | 8240 | =132900*6.2% |
| Medicare tax | 3277 | =226000*1.45% |
| Additional Medicare tax | 234 | =(226000-200000)*0.9% |
| Total FICA taxes to be withheld | 11751 | |
| Option C $11,751 is correct | ||
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