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Rasheed works for Company A, earning $389,000 in salary during 2019. Assuming he is single and has no other sources of income

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Answer #1
The wage limit for Social Security tax in 2019 is $132900
FICA-Social security tax 8240 =132900*6.2%
FICA-Medicare tax 5641 =389000*1.45%
Additional Medicare tax 1701 =(389000-200000)*0.9%
Amount of FICA tax 15582 or 15581
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