Dave Brown's cumulative earnings are $104,000, and his gross pay for the week is $5,300. 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) $3,286; $77
B) $0; $0
C) $329; $8
D) $329; $77
Correct Answer:
Verified
Q1: Net pay equals:
A) gross pay less all
Q2: Bill James earned $800 for the week.
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
Q9: Dave Brown's cumulative earnings are $90,000, and
Q10: The law that governs overtime earnings is
Q11: Payroll taxes include all of the following
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