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Selene made $54,300 in 2019 working at the local burger joint, Moon Café.How much should her employer withhold from her paycheck for FICA taxes if the calculation is made correctly?
Form W-2
A tax form used in the United States to report wages paid to employees and the taxes withheld from them.
Withholding Allowance Certificate
A withholding allowance certificate is a tax form that an employee fills out to indicate their tax situation to the employer, used to calculate the amount of income tax to withhold from the employee's paycheck.
Individual Income Tax
A tax levied on the income of individuals, including wages, salaries, and investment returns.
State Unemployment Compensation Tax
A tax imposed by state governments on employers to fund unemployment benefits for workers who have lost their jobs.
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