Bill's gross pay for the week is $2150.His deduction for federal income tax is based on a rate of 25%.He has no voluntary deductions.His year-to-date pay is under the limit for OASDI.What is the amount of FICA tax that will be withheld from Bill's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)
A) $537.50
B) $164.48
C) $701.98
D) $136.50
Correct Answer:
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