Multiple Choice
Lucky Louie's base salary is $90,000 per year and he earns an additional $75,000 in annual bonus. Luckily, Lucky only has to pay FICA tax on
A) his base salary.
B) his base salary plus bonus up to the annual legal withholding limit for FICA.
C) all of his earnings.
D) $130,000.
Correct Answer:
Verified
Correct Answer:
Verified
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