Bailee had a gross income of $2358.33 during each pay period in 2009. If she got paid monthly, how much of her pay was deducted for FICA in 2009

$2164

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To determine the amount of FICA deducted from Bailee's pay in 2009, we need to know the FICA tax rate for that year. The FICA tax rate consists of two components: Social Security tax and Medicare tax.

As of 2009, the Social Security tax rate was 6.2% and the Medicare tax rate was 1.45%. Let's calculate how much of Bailee's pay was deducted for FICA.

First, find the total FICA tax rate: 6.2% + 1.45% = 7.65%.

Next, calculate the FICA deduction per pay period: $2358.33 * 7.65% = $180.32 (rounded to two decimal places).

Since Bailee gets paid monthly, multiply the deduction per pay period by 12 (number of pay periods in a year): $180.32 * 12 = $2163.84.

So, Bailee's pay deduction for FICA in 2009 was approximately $2163.84.

To find out how much of Bailee's pay was deducted for FICA (Federal Insurance Contributions Act) in 2009, we first need to know the FICA tax rate for that year.

The FICA tax rate consists of two components: Social Security tax and Medicare tax. In 2009, the Social Security tax rate was 6.2%, and the Medicare tax rate was 1.45%.

Now, to calculate the amount deducted for FICA from Bailee's monthly pay, we will use the following steps:

Step 1: Find the monthly gross income
Since Bailee's gross income for each pay period is given, and she is paid monthly, we can assume that the pay period is monthly. Therefore, her monthly gross income is $2358.33.

Step 2: Calculate the FICA tax deduction
To calculate the FICA tax deduction, we need to add the Social Security and Medicare taxes.

Social Security deduction:
Monthly Social Security deduction = Monthly gross income * Social Security tax rate
= $2358.33 * 6.2% (0.062)

Medicare deduction:
Monthly Medicare deduction = Monthly gross income * Medicare tax rate
= $2358.33 * 1.45% (0.0145)

Total FICA deduction:
Monthly FICA deduction = Social Security deduction + Medicare deduction

Finally, you can calculate the monthly FICA deduction using the formulas above.