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?

To determine how much FICA (Federal Insurance Contributions Act) Laurie is expected to pay for the year, we need to calculate the social security and Medicare taxes separately and then add them together.

First, let's calculate the social security tax:
Social Security Tax = Income × Social Security Tax Rate

The social security tax rate is 6.20%.
The wage base is the maximum amount of income subject to social security tax (for 2007, the wage base was $97,500).

If Laurie expects to make $100,000 in 2007, we need to determine how much of her income is subject to the social security tax.

Since her income exceeds the wage base of $97,500, we can assume that all of her income will be subject to the social security tax.

Social Security Tax = $100,000 × 6.20%
= $6,200

Next, let's calculate the Medicare tax:
Medicare Tax = Income × Medicare Tax Rate

The Medicare tax rate is 1.45%.
Unlike the social security tax, there is no wage base limit for the Medicare tax. All of Laurie's income will be subject to the Medicare tax.

Medicare Tax = $100,000 × 1.45%
= $1,450

Now, we can calculate the total FICA payment:
Total FICA = Social Security Tax + Medicare Tax
= $6,200 + $1,450
= $7,650

Therefore, Laurie is expected to pay $7,650 in FICA for the year.