Lynita has two jobs and earned $92,316 from her first job and $26,345 from her second job. How much total FICA taxes will Lynita have withheld from her wages from working two jobs?

Question

Quizplus · Accepted Answer

To calculate the FICA taxes, we need to add the two incomes and multiply by the FICA tax rate. The FICA tax rate is 7.65% for Social Security and Medicare taxes combined.

$92,316 + $26,345 = $118,661

$118,661 x 0.0765 = $9,077.57

Therefore, Lynita will have $9,077.57 withheld for FICA taxes from her wages from working two jobs. The closest answer choice is D.

Lynita Has Two Jobs and Earned $92,316 from Her First