Bill James earned $800 for the week.If his cumulative earnings are $30,000 prior to this pay period,how much FICA-OASDI must his employer withhold from his earnings? FICA tax rates are OASDI 6.2% on a limit of $117,000.
A) $496.00
B) $4.96
C) $49.60
D) None of the above is correct.
Correct Answer:
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