Economics

posted by .

Your pay stub deducts money for FICA. What does this mean?


A. Money is being withheld for personal exemptions and deductions.
B. Money is being withheld for excise and estate taxes.
C. Money is being withheld to fund Social Security and Medicare.
D. Money is being withheld for federal, state, and city taxes.

  • Economics -

    The correct answer is A.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    roberto has 22% of his pay withheld for deductions. if he earns $680 per week, what amount is withheld?
  2. math

    Aldo gets paid biweekly. His gross pay for each pay period is $850. He has 16% withheld for taxes and 7% withheld for personal deductions. What is the amount of his annual net pay?
  3. math

    Carol has 22% of her pay withheld for deductions. If she earns $680 per week, what amount is withheld?
  4. math

    Carol has 22% of her pay withheld for deductions. If she earns $680 per week, what amount is withheld?
  5. math

    Employee's Earnings statement Name: Martin Fischer Earnings Regular Pay- $225.86 Overtime pay- $88.90 Gross Pay-$314.76 Total Deductions-$107.95 Net Pay-$206.81 Taxes Withheld Federal State Local FICA Other $48.20 $6.88 $4.55 $23.64 …
  6. College Algebra

    If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with $989.50 a month in take-home pay, then the amount you …
  7. College Algebra

    If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with $989.50 a month in take-home pay, then the amount you …
  8. College Algebra

    If 24% of your monthly pay is withheld for federal income taxes and another 6% is withheld for Social Security, state income tax, and other miscellaneous items, leaving you with $989.50 a month in take-home pay, then the amount you …
  9. accounting

    Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the …
  10. business math

    Find the annual amount of FICA at a 7.51% rate by computing his annual salary. Sam Takagi Weekly salary: $435.16 Not self-employed Find the annual amount of FICA by computing his annual salary. $169,938.68 $16,993.87 $1,699.39 2. Find …

More Similar Questions