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Tom's Gross Pay for the Month Is $3,400

Question 62

Multiple Choice

Tom's gross pay for the month is $3,400.Tom's deduction for federal income tax is based on a rate of 22%.Tom has no voluntary deductions.Tom's yearly pay is under the limit for OASDI.What is the amount of FICA tax withheld from Tom's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of
1.45%.Do not round any intermediate calculations,and round your final answer to the nearest cent. )


A) $1,008.10
B) $260.10
C) $748.00
D) $487.90

Correct Answer:

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