Homework Help: Math

Posted by Akwaa Harrrison on Thursday, May 19, 2011 at 6:38am.

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 expected to pay for the year

Math - Henry, Friday, May 20, 2011 at 5:07pm
F.I.C.A. = 0.062*97,500 + 0.0145*100,000 = 6045 + 1450 = $7495.

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