Brian Temple's cumulative earnings are $102,000,and his gross pay for the week is $5,300.If the FICA rates are: OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%,what are his FICA-OASDI and FICA-Medicare taxes for the week?
A)$297.60; $76.85
B)$0; $0
C)$31.00; $7.25
D)$31.00; $76.85

Question

Quizplus · Accepted Answer

Since Brian Temple has already earned $102,000 cumulatively, his OASDI tax will not increase anymore as he has already hit the limit of $106,800. Therefore, his OASDI tax will be 6.2% of his gross pay of $5,300, which is $329.60. 
For Medicare, the tax rate is 1.45%, so his Medicare tax will be 1.45% of $5,300, which is $76.85.
Therefore, his FICA-OASDI tax is $329.60 and FICA-Medicare tax is $76.85. The correct answer is D.

Brian Temple's Cumulative Earnings Are $102,000,and His Gross Pay for the Week