frannytata frannytata
  • 10-02-2020
  • Computers and Technology
contestada

if an employee’s gross pay is $485 how much is paid towards fica?

Respuesta :

monica789412 monica789412
  • 15-02-2020

$35.91 will be paid towards FICA

Explanation:

FICA's tax rate is the combination of a 6.2%social security tax and a 1.2%medicare tax which would apply on the employee as his gross pay is $485.

So, accordingly,

485 * 6.5/100 =  30.07

and

485 * 1.2/100 = 5.82

so, total tax would be

5.82 + 30.07 = 35.91

Answer Link

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