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Wyatt Is a Full-Time Exempt Music Engineer Who Earns $130,000

Question 21

Multiple Choice

Wyatt is a full-time exempt music engineer who earns $130,000 annually and is paid semimonthly. As of December 15, his year-to-date gross pay was $124,583.33. How much will be withheld for FICA taxes for the December 31 pay date? (Social Security maximum wage is $127,200. Do not round interim calculations, only round final answer to two decimal points.)


A) $335.83
B) $414.37
C) $212.88
D) $240.78

Correct Answer:

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