Sonny Siebert Earned $485,000 a Year as a Rookie Pitcher

question 34

Short Answer

Sonny Siebert earned $485,000 a year as a rookie pitcher for the Cleveland Indians. Assuming a tax rate of 6.2% for Social Security up to $110,100 and Medicare tax of 1.45%, how much did Sonny pay in FICA taxes as a rookie pitcher?

---

Definitions:

Jewelry

Decorative items worn for personal adornment, such as rings, necklaces, earrings, and bracelets, often made of precious metals and stones.

Elder Maltreatment

The abuse or neglect of older individuals, ranging from physical and emotional harm to financial exploitation and neglect.

Caregivers

Individuals who provide care for someone with a chronic illness, disability, or other long-lasting health or care needs, often without pay.

Anger Management

Techniques and exercises designed to control or reduce the feelings of anger and the physiological arousal that anger causes.