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?

To calculate the amount of FICA (Federal Insurance Contributions Act) taxes that Laurie is expected to pay for the year, we need to consider the Social Security tax rate and the Medicare tax rate.

1. Social Security Tax: The Social Security tax rate for 2007 is 6.20% of the wages, up to a certain wage base. Let's assume the wage base for 2007 is $100,000.

To calculate the Social Security tax amount, multiply Laurie's expected income ($100,000) by the Social Security tax rate (6.20%):
Social Security tax = ($100,000 * 6.20%) = $6,200.

2. Medicare Tax: The Medicare tax rate for 2007 is 1.45% of all wages, without any wage base limit.

To calculate the Medicare tax amount, multiply Laurie's expected income ($100,000) by the Medicare tax rate (1.45%):
Medicare tax = ($100,000 * 1.45%) = $1,450.

3. Total FICA Tax: To find the total FICA tax, sum up the Social Security and Medicare taxes:
Total FICA tax = Social Security tax + Medicare tax
= $6,200 + $1,450
= $7,650.

Therefore, Laurie is expected to pay $7,650 in FICA taxes for the year 2007.