Math

posted by .

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 -

    F.I.C.A. = 0.062*97,500 + 0.0145*100,000 = 6045 + 1450 = $7495.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. rpost

    Laura is selfemployed and expects to make $96,000 her social security tax is 12.4% up to the wage base, medicare is 2.9% and her estimated federal tax rate is 25% what is Lauras expected tax payment for the fourth quarter. would it …
  2. Math

    Laurie is self employed and expects to make $96,000. She expects to pay 12.4%, 2.9%, and 25% in taxes. What is Laurie's expected tax payment for the fourth quarter?
  3. ACCOUNTING

    Laurie is self-employed and expects to make $96,000 in 2007. Her social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and her estimated federal income tax rate is 25%. What is Laurie‚Äôs expected tax payment for …
  4. math

    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?
  5. Math

    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?
  6. math

    laurie expects to make $100,000 in 2007. her social security tax rate is 6.20% up to wage base, medicare is 1.45%. how much FICA is laurie expected to pay for the year?
  7. math

    Laurie expects to make $100,000 in 2007. Her social security tax is 6.20% up to the wage base, Medicare is 1.45%. How much FICA is Laurie expected to pay for the year?
  8. Business Math

    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?
  9. Math

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

    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?

More Similar Questions