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During 2018, Matti Conner, President of Maggert Company was paid semimonthly salary of $5800. Compute the amount of FICA taxes that should be withheld from her

Respuesta :

As per FICAthe following taxes require to be witheld from the employee as below:

6.2% Social Security Tax

1.45% Medicare Tax

Total Percentage to be witheld= 6.2%+1.45%=7.65%

Thus an amount of $5800*7.65%=$443.7 need to be with held from Matti.

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