Tony's gross pay for the month is $ 3 comma 100. Tony's deduction for federal income...
Tony's gross pay for the month is $ 3 comma 100. Tony's deduction for federal income tax is based on a rate of 20%. Tony has no voluntary deductions. Tony's yearminustominusdate pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tony's pay? (Assume a FICAlong dashOASDI Tax of 6.2% and FICAlong dashMedicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
Homework Answers
| FICA-OASDI Tax | 192.20 | =3100*6.2% |
| FICA-Medicare Tax | 44.95 | =3100*1.45% |
| FICA tax withheld from Tony's pay | 237.15 |
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