What is her 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
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Brooke, a single taxpayer, works for Company A for all of 2023, earning a salary of $66,000.
Note: Round your intermediate and final answers to the nearest whole dollar amount.
Problem 8-64 Part a (Algo)
a. What is her FICA tax obligation for the year?
FICA tax obligation
Problem 8-64 Part b (Algo)
b. Assume Brooke works for Company A for half of 2023, earning $71,800 in salary, and she
works for Company B for the second half of 2023, earning $121,800 in salary. What is Brooke's
FICA tax obligation for the year?
FICA tax obligation
Transcribed Image Text:Brooke, a single taxpayer, works for Company A for all of 2023, earning a salary of $66,000. Note: Round your intermediate and final answers to the nearest whole dollar amount. Problem 8-64 Part a (Algo) a. What is her FICA tax obligation for the year? FICA tax obligation Problem 8-64 Part b (Algo) b. Assume Brooke works for Company A for half of 2023, earning $71,800 in salary, and she works for Company B for the second half of 2023, earning $121,800 in salary. What is Brooke's FICA tax obligation for the year? FICA tax obligation
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