Carla earns $128,000 from January through November 2018, before resigning to work for a new employer...
Carla earns $128,000 from January through November 2018, before resigning to work for a new employer who pays her $3,000 for December 2018.
How much FICA would be withheld on the $3,000?
Homework Answers
Since FICA taxes include 6.2% Deduction for Social Security and 1.45% for Medicare, total comes upto 7.65%.
Hence FICA Withheld = $3000*7.65% = $229.50
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