Final answer:
Sonya's annual take-home pay, after FICA taxes of 7.65% on her annual salary of $36,590, would be $33,790.86.
Step-by-step explanation:
To calculate Sonya’s annual take-home pay after FICA taxes, we first need to understand that FICA consists of two separate taxes: Social Security and Medicare. The total rate for these combined is 7.65% of the gross income. Sonya’s annual salary is $36,590.
First, we calculate the total FICA tax Sonya has to pay:
- Social Security tax (6.2% of $36,590) = $2,268.58
- Medicare tax (1.45% of $36,590) = $530.56
Add these two amounts to get the total FICA tax:
$2,268.58 (Social Security) + $530.56 (Medicare) = $2,799.14
Finally, subtract this total FICA tax from the annual salary to find Sonya’s take-home pay:
$36,590 (annual salary) - $2,799.14 (FICA taxes) = $33,790.86