Mark has two jobs during 2017.One employer withheld and paid FICA taxes on $80,200 of Mark's salary and the other employer withheld and paid FICA taxes on $52,800 in salary paid to Mark.Calculate the amount of Mark's credit for the overpayment of Social Security taxes that he should claim on his 2017 Form 1040.

Question

Quizplus · Accepted Answer

The Answer of Mark has two jobs during 2017.One employer withheld and paid FICA taxes on $80,200 of Mark's salary and the other employer withheld and paid FICA taxes on $52,800 in salary paid to Mark.Calculate the amount of Mark's credit for the overpayment of Social Security taxes that he should claim on his 2017 Form 1040.

Mark Has Two Jobs During 2017