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Eric's Gross Pay for the Week Is $2,050

Question 71

Multiple Choice

Eric's gross pay for the week is $2,050.His deduction for federal income tax is based on a rate of 23%.He has no voluntary deductions.His yearly pay is under the limit for OASDI.What is the amount of FICA tax that will be withheld from Eric's pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )


A) $471.50
B) $156.83
C) $628.33
D) $130.15

Correct Answer:

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