Posted by Bonnie on .
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,
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,
ThankYou.
The wage base is 97,500.