alexisguzman7755 alexisguzman7755

21-07-2020
Mathematics

contestada

NY Newsstand has an annual payroll of $288,000. What is the FICA for NY
Newsstand?
A. $22,032
B. $76,500
C. $25,684
O D. $28,800

Respuesta :

08-09-2020

Answer:

It is A $288,000

Step-by-step explanation:

Answer Link

sqdancefan sqdancefan

09-09-2020

Answer:

A. $22,032

Step-by-step explanation:

FICA includes both social security tax (6.2%) and Medicare tax (1.45%), for a total tax rate of 7.65%.

0.0765 × $288,000 = $22,032 . . . FICA tax

Answer Link

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