What is the FICA tax (assuming a 7.65% rate) on a weekly paycheck of $407.00?

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asked Feb 7, 2018 33.2k views

1 Answer

Salman Amjad · Answer 1 · 2018-02-11T09:23:15+0000

This question requires you calculate the 7.65% of 407.00.

You do that by multiplying the percent/100 times the paycheck.

That is (7.65 / 100 ) * 407.00 = 31.1355, which rounded to two decimals is 31.14.

Answer: 31.14

What is the FICA tax (assuming a 7.65% rate) on a weekly paycheck of $407.00?

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