Lamden Company paid its employee, Trudy, wages of $47,000 in 2018. Calculate the FICA tax: Withheld from Trudy’s wages: Social Security $________________ Medicare $________________ Paid by Lamden: Social Security $________________ Medicare $________________ Total FICA Tax: $ $________________

Lamden Company paid its employee, Trudy, wages of $47,000 in 2018. Calculate the FICA tax: Withheld from Trudy’s wages: Social Security $ Medicare $ Paid by Lamden: Social Security $ Medicare $ Total FICA Tax: $ $

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter1: The Individual Income Tax Return

Section: Chapter Questions

Problem 12P

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Question

Lamden Company paid its employee, Trudy, wages of $47,000 in 2018. Calculate the FICA tax:

Withheld from Trudy’s wages:

Social Security $________________

Medicare $________________

Paid by Lamden: Social Security $________________

Medicare $________________

Total FICA Tax: $ $________________

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