Janice Tax, an Accountant for Flee Corp

question 99

Short Answer

Janice Tax, an accountant for Flee Corp., earned $122,700 from January to June. In July she earned $8,000. Assuming a FICA tax rate of 6.2% for Social Security on $128,400 and 1.45% for Medicare, what is the FICA amount for the month?

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Definitions:

Nerve Cell

Also known as a neuron, it is a cell in the nervous system that transmits information to other nerve cells, muscle, or gland cells.

Myelin Sheath

A fatty layer that surrounds the axons of some nerve cells, speeding up electrical impulses.

Neural Impulses

Electrical signals that travel along the neurons, allowing for communication between different parts of the body and the brain.

Peripheral Nervous System

Part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, responsible for connecting the central nervous system (CNS) to limbs and organs.