Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000- $50,001- $70,001- $85,001- $100,001- Amount $50,000 $70,000 $85,000 $100,000 $175,000
Robert Martin's gross earnings for the week ending on December 27 amount to $2,200. His cumulative gross earnings for the year up through his last pay date amount to $89,300. Using the table below, calculate the FICA tax deduction for the current pay period. FICA Tax 2% 4% 6% 8% 10% Rate Salary $25,000- $50,001- $70,001- $85,001- $100,001- Amount $50,000 $70,000 $85,000 $100,000 $175,000
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 5PA
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