Dave Brown's cumulative earnings are $73,000,and his gross pay for the week is $6,200.If the FICA rates are: OASDI 6.2% on a limit of $117,000 and Medicare is 1.45%,what are his FICA-OASDI and FICA-Medicare taxes for the week?
A)$0;$89.90
B)$384.00;$0
C)$384.40;$89.90
D)$3,844;$899.00

Question

Quizplus · Accepted Answer

Dave Brown's cumulative earnings are irrelevant to finding his FICA taxes for the week. 
For FICA-OASDI tax, we need to calculate 6.2% of his gross pay, which is $384.40 (6.2% of $6,200).
For FICA-Medicare tax, we need to calculate 1.45% of his gross pay, which is $89.90 (1.45% of $6,200).
Therefore, the correct answer is C, as it lists both the correct FICA-OASDI and FICA-Medicare tax amounts for the week.

Dave Brown's Cumulative Earnings Are $73,000,and His Gross Pay for the Week