Baker earned $225,000 of salary as an employee in 2017. How much should hisemployer have withheld from his paycheck for FICA taxes (rounded to the nearest whole dollar amount)?

Name: Baker earned $225,000 of salary as an employee in 2017. How much should hisemployer have withheld from his paycheck for FICA taxes (rounded to the nearest whole dollar amount)?
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Quizplus · Accepted Answer

FICA taxes are 7.65% of salary. $225,000 * 0.0765 = $17,212.50. Rounded to the nearest whole dollar amount, this is $17,213.

Baker Earned $225,000 of Salary as an Employee in 2017