Question

Laura earned $24,850 and paid a FICA tax of 7.65%. How much FICA taxdid she pay?a. $3,802.06b. $1,901.03c. $2,281.23d. $190.10

Answer 1

Her earning = $24,850

FICA tax percentage = 7.65%

The amount of FICA tax she paid can be computed below

$\frac{7.65}{100}\times24850=\frac{190102.5}{100}=\text{ \ }1901.025\approx\text{ \ }1901.03$

FICA tax paid = $1901.03