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    Taxation of Individuals
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    Exam 8: Individual Income Tax Computation and Tax Credits
  5. Question
    Jackson Earned a Salary of $254,000 in 2020
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Jackson Earned a Salary of $254,000 in 2020

Question 132

Question 132

Essay

Jackson earned a salary of $254,000 in 2020. What amount of FICA taxes should Jackson's employer withhold from his paycheck?

Correct Answer:

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$12,706.
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