Jauna made $178,400 in salary during 2018. How much were her FICA withholdings for that year?

Question

Question

business accounting

Answer 1

Answer #1

In 2018 FICA medicare tax is deducted @ 1.45% and social security tax is capped @6.2%

Jauna salary = $178400

FICA Social security Tax =$178400*6.2%= $11061

FICA Medicare Tax = $178400*%1.45%= $2587

Total FICA withholdings = $13648

Answer 2

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