The amount of FICA-OASDI and FICA-Medicare withheld from the employee's check is determined by the employee's:
A)W-2.
B)net pay.
C)earnings for the period and cumulative earnings.
D)W-4.

Question

Quizplus · Accepted Answer

The amount of FICA-OASDI and FICA-Medicare withheld from the employee's check is determined by their earnings for the pay period and cumulative earnings. The employee's W-2 is a report of their total earnings and withholdings for the year and is not used to determine the amount withheld from each pay period. The net pay is the amount the employee takes home after all deductions, including FICA, are taken out. The W-4 is used to determine federal income tax withholding, not FICA withholding.

The Amount of FICA-OASDI and FICA-Medicare Withheld from the Employee's