Using the following information, calculate the employee’s portion of Amanda Smith’s Social Security tax to be...

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Using the following information, calculate the employee’s portion of Amanda Smith’s Social Security tax to be...

Using the following information, calculate the employee’s portion of Amanda Smith’s Social Security tax to be withheld for her paycheck for the week ending 11/15.

Amanda's Gross income for the year is $56,800.

Amanda has no deductions increasing or decreasing the FICA taxable income.

Amanda paycheck for the week ending 11/15 is $800.00

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Answer 1

Answer #1


Paycheck	$800.00
Social Security tax	$49.60
($800 × 0.062 = $49.60)
Medicare tax	$11.60
($800 × 0.0145 = $11.60)

Social Security tax withhold from Amanda's $800 paycheck is $49.60

FICA tax amount must withhold from Amanda's $800 paycheck is $61.20

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Answer 2

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