Multiple Choice
Alexander received $80,000 in salary in 2015.What is his FICA tax if the Medicare rate is 1.45%,the Social Security rate is 6.2% on the 2015 maximum of $118,500,and the FUTA rate is 6% on a $7,000 maximum?
A) $4,960
B) $6,120
C) $6,540
D) $10,920
Correct Answer:
Verified
Correct Answer:
Verified
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