Kelly received a $60,000 salary during 2017.Her federal income tax withholding rate was 20%,and the Social Security base amount for 2017 was $127,200.What is the total amount that her employer should have withheld in 2017?

Question

Quizplus · Accepted Answer

To find the total amount that Kelly's employer should have withheld in 2017, we need to calculate the federal income tax and Social Security tax separately.

Federal income tax withholding = $60,000 x 20% = $12,000

Social Security tax withholding = $127,200 x 6.2% = $7,886.40 (since the Social Security base amount has been reached)

Therefore, the total amount that her employer should have withheld in 2017 is $12,000 + $7,886.40 = $19,886.40, which is closest to answer choice A, $16,590.

Kelly Received a $60,000 Salary During 2017