Edward worked at three jobs during 2011.He earned $40,000,$37,000,and $9,000 respectively from the jobs and claimed three allowances on each of his W-4s.What is the total amount of FICA (Social Security and Medicare)tax that would have been withheld from Edward's wages?

Question

Quizplus · Accepted Answer

The total amount of FICA tax withheld is $4,859. This is calculated as follows:Social Security tax: $40,000 + $37,000 + $9,000 = $86,000 x 6.2% = $5,332Medicare tax: $86,000 x 1.45% = $1,247Total FICA tax: $5,332 + $1,247 = $4,859

Edward Worked at Three Jobs During 2011