Assuming a FICA Tax Rate of 8% on the First

Multiple Choice

Assuming a FICA tax rate of 8% on the first $106,800 in wages, and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $108,000?

A) $99,456
B) $77,760
C) $86,400
D) $77,856