Timothy's Gross Pay for This Month Is $8,950

question 132

Multiple Choice

Timothy's gross pay for this month is $8,950.His gross year-to-date pay,prior to this month,totaled $110,500.What is the amount of FICA tax withheld from Timothy's pay for this month? (Assume an OASDI rate of 6.2%,applicable on the first $117,000 earnings,and a Medicare rate of 1.45%,applicable on all earnings.Do not round any intermediate calculations,and round your final answer to the nearest cent. )

• A)$403.00
• B)$129.78
• C)$532.78
• D)$554.90

---

Definitions:

Helicopter

A type of aircraft that can take off and land vertically, as well as hover and move forward, backward, and laterally through the air, thanks to its rotating blades.

Predicate

In grammar, the part of a sentence or clause containing a verb that states something about the subject. In logic, the property or characteristic affirmed or denied about the subject of a statement.

Similarity

The state of being alike or having common features or characteristics.

Deductive Step

A step in reasoning in which one proceeds logically from premises to a definite conclusion, ensuring the conclusion necessarily follows.