Marie earns $80,000 as a sales manager for Household Books.How much Social Security and medicare tax does Marie have to pay for 2016?

Question

Quizplus · Accepted Answer

Marie would have to pay 6.2% of her salary for Social Security tax and 1.45% for Medicare tax. 
For Social Security tax: 
0.062 x $80,000 = $4,960.00 
For Medicare tax: 
0.0145 x $80,000 = $1,160.00 
Total: $4,960.00 + $1,160.00 = $6,120.00

Marie Earns $80,000 as a Sales Manager for Household Books