Dave Brown's cumulative earnings are $90,000, and his gross pay for the week is $6,700. If the FICA rates are: OASDI 6.2% on a limit of $128,400 and Medicare is 1.45%, what are his FICA-OASDI and FICA-Medicare taxes for the week? (Round your answers to the nearest whole dollar.)
A) $0; $97
B) $415; $0
C) $415; $97
D) $4,154; $972
Correct Answer:
Verified
Q4: There are two parts to FICA:
A) old
Q5: Under the Fair Labor Standards Act, for
Q6: The Federal Insurance Contributions Act is better
Q7: The Fair Labor Standards Act must be
Q8: FICA taxes provide funding to the government
Q10: The law that governs overtime earnings is
Q11: Payroll taxes include all of the following
Q12: If Robert worked 38 hours, how many
Q13: A company can deem an employee as
Q14: Gross Earnings are the same as:
A) regular
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents