Wednesday

March 4, 2015

March 4, 2015

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

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 11:57amSince 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 4:51pmThank-You.

The wage base is 97,500.

**Answer this Question**

**Related Questions**

math - Laurie expects to make $100,000 in 2007. Her social security tax rate is ...

Math - Laurie expects to make $100,000 in 2007. Her social security tax rate is ...

math - laurie expects to make $100,000 in 2007. her social security tax rate is ...

Math - Laurie expects to make $100,000 in 2007. Her social security tax rate is ...

math - Laurie expects to make $100,000 in 2007. Her social security tax rate is ...

Business Math - Laurie expects to make $100,000 in 2007. Her social security tax...

math - Laurie expects to make $100,000 in 2007. Her social security tax is 6.20...

ACCOUNTING - Laurie is self-employed and expects to make $96,000 in 2007. Her ...

rpost - Laura is selfemployed and expects to make $96,000 her social security ...

accounting - Phil Phoenix is paid monthly. For the month of January of the ...