the fica tax is comprised of social security and medicare taxes. the tax rate for the social security portion is 6.2 percent on earnings up to a "wage base". the wage base for 2018 is $128,700. the tax rate for the medicare portion is 1.45 percent on all earnings; there is no wage base limit. calculate your fica tax for a wage of a) $42,500 b) $140,000
the fica tax is comprised of social security and medicare taxes. the tax rate for the social security portion is 6.2 percent on earnings up to a "wage base". the wage base for 2018 is $128,700. the tax rate for the medicare portion is 1.45 percent on all earnings; there is no wage base limit. calculate your fica tax for a wage of a) $42,500 b) $140,000
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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the fica tax is comprised of social security and medicare taxes. the tax rate for the social security portion is 6.2 percent on earnings up to a "wage base". the wage base for 2018 is $128,700. the tax rate for the medicare portion is 1.45 percent on all earnings; there is no wage base limit. calculate your fica tax for a wage of
a) $42,500
b) $140,000
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