Question

Question 12, Planning #1 (similar to): Tax Calculatio 1Question Help rte is620% and the Medicare lx rte is 1.4%) Tax Caleulations. Alys makes $540 per wook How much wil be withheld from her weekly check for Sooial Seourity taxes? Medicare tes Total FICA taesint The Social Securty t The amout witheld from her weekly check for Bocial Security taxes iss Round te the neart cent)

Answer 1

Quetion 12, plaining #1 - Social Secciosity tex Medicare tax tax sale = 6.2%. 1.U5Y. tax amt -0.062X $ 540=$34.48 0.0145* $ 540 $7.83 * Total FICA taxes per pay check $42.31 C$ 34-48+57-83) * Alys hos $ 34.48 corthheld from her weekly chece for Social scecosity tax, 19783) with held for Medicare taxe all together $42-31 with held for total FICA taxes.