In 2005,Lee Began Working as a Nurse Anesthetist with a Taxable

question 19

Multiple Choice

In 2005,Lee began working as a nurse anesthetist with a taxable income of $119,000.The Medicare tax was 1.45% and the Social Security tax rate was 6.2% to the maximum income of $90,000 that year.How much did Lee pay in FICA taxes in 2005?

• A) $9,103.50
• B) $7,305.50
• C) $5,580.00
• D) $1,725.50

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Definitions:

Plant Operation

The activities involved in managing and running a manufacturing facility or industrial plant, including production, maintenance, and quality control.

Flexible Benefit Plan

A benefits program allowing employees to choose from a range of benefits options, tailoring their package to meet personal needs.

Limitations

The restrictions or boundaries that define the scope or extent of something's capabilities or applications.

Employee Choice

The degree to which employees have the freedom to make decisions about their job or working conditions.