Kate received $140,000 in salary in 2019. What is her FICA tax if the Medicare...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Kate received $140,000 in salary in 2019. What is her FICA tax if the Medicare rate is 1.45% and the Social Security rate is 6.2% on a maximum of $132,900 in 2019?
$10,270
$10,710
$10,167
$10,607
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
