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ACG 2021 Sec 654- Petty iz Chapter 11 Exam This Question: 6 plas 47 of 11 41 complele) [Assume a FiCA.OASOi Tar de 2% and FIC

Bills gross pay for the week is $950. His deduction for federal income tax is based on a rate of 23% He (Assume a FICA-OASDI

es marleen ibrahim Time R 01:18:35 Submit Qun 7 of 11 (1 complete) This Quiz:100 pts possi Question Help 123% He has no volun

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Answer #1
Calculation of amount of FICA tax that will be withheld from​ Bill's pay
FICA—OASDI Tax 59 (950*0.062)
FICA—Medicare Tax 14 (950*0.0145)
Amount of total FICA taxes withhold 73
Answer - B. $73
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