Problem 8-64 (LO 8-3) (Algo) Brooke, a single taxpayer, works for Company A for all of 2022, earning a salary of $53,000. Note: Round your intermediate and final answers to the nearest whole dollar amount. Required: a. What is her FICA tax obligation for the year? b. Assume Brooke works for Company A for half of 2022, earning $53,000 in salary, and she works for Company B for the second hal of 2022, earning $103,000 in salary. What is Brooke's FICA tax obligation for the year?

Problem 8-64 (LO 8-3) (Algo) Brooke, a single taxpayer, works for Company A for all of 2022, earning a salary of $53,000. Note: Round your intermediate and final answers to the nearest whole dollar amount. Required: a. What is her FICA tax obligation for the year? b. Assume Brooke works for Company A for half of 2022, earning $53,000 in salary, and she works for Company B for the second hal of 2022, earning $103,000 in salary. What is Brooke's FICA tax obligation for the year?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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