Multiple Choice
Timothy's gross pay for this month is $8,950.His gross year-to-date pay,prior to this month,totaled $110,500.What is the amount of FICA tax withheld from Timothy's pay for this month? (Assume an OASDI rate of 6.2%,applicable on the first $117,000 earnings,and a Medicare rate of 1.45%,applicable on all earnings.Do not round any intermediate calculations,and round your final answer to the nearest cent. )
A) $403.00
B) $129.78
C) $532.78
D) $554.90
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Unearned revenue,for services to be performed in
Q127: Statewide Sales,Inc.has gross pay for March of
Q128: Doug,an employee of Cayman Travels,Inc. ,has gross
Q129: Aaron earns $18.50 per hour with time-and-a-half
Q130: Mayfield,Inc.withholds $720 from Stephen's paycheck for federal
Q131: Angela's gross pay for the week is
Q133: NewAge,Inc.made total cash sales in February of
Q135: Saran Digital,Inc.starts the year with $3,500 in
Q137: David,an employee of Cecil,Inc. ,has gross salary
Q209: _ is pay stated as a percentage