Posted by **Bonnie** on Sunday, January 9, 2011 at 10:27pm.

Could someone tell me if I am correct on this question?

Laurie expects to make 100,000 in 2007.Her Social Security tax rate is 6.20% up to the wage base.Medicare is 1.45%.How much FICA is Laurie excepted to pay for the year?

$7,495.00 for my answer

- Math -
**PsyDAG**, Monday, January 10, 2011 at 11:57am
Since I don't know the wage base, it is hard to respond.

Multiply .062 by the wage base and .0145 by $100,000, then add these two products for your answer.

If this is what you have done, barring any math errors, your answer should be right.

- Math -
**Bonnie**, Monday, January 10, 2011 at 4:51pm
Thank-You.

The wage base is 97,500.

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