Compute Employee FICA Taxes for the Year on Earnings of $108,000

question 42

Multiple Choice

Compute employee FICA taxes for the year on earnings of $108,000 at 6.2% on a limit of $117,000 for OASDI and 1.45% for Medicare.

• A)$8,187.60
• B)$8,262.00
• C)$8,170.20
• D)$6,621.60