Alexander received $80,000 in salary in 2017. What is his FICA tax if the Medicare rate is 1.45%, the Social Security rate is 6.2% on the 2017 maximum of $127,200, and the FUTA rate is 6% on a $7,000 maximum?
A) $4,960
B) $6,120
C) $6,540
D) $10,920
Correct Answer:
Verified
Q17: Which of the following types of taxes
Q22: Which type of tax is a real
Q24: The Mercury Corporation must decide whether to
Q34: Which of the following is an objective
Q46: Which of the following best describes vertical
Q53: What is George's gross income if he
Q55: Current changes to the federal tax law
Q55: Abigail is married filing separately with taxable
Q56: Ethan and Mia are married and file
Q95: Which of the following business entities does
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents