Berkley's gross pay for this month is $8,750.His gross pay year-to-date,prior to this month totaled $102,500.What is the amount of FICA tax withheld from Berkley's pay for this month? (Assume an OASDI rate of 4.2%,applicable on the first $110,100 earnings,and a Medicare rate of 1.45%,applicable on all earnings.)
A) $319.20
B) $126.88
C) $446.08
D) $367.50
Correct Answer:
Verified
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