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Kassandra had a gross income of $3008.33 during each pay period in 2009. If she got paid monthly, how much of her pay was deducted for FICA in 2009?

2 Answers

1 vote

The answer is 2761.64

User Josoler
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She will have a total of $2,400.65 deducted for FICA. FICA is made up of both social security and medicare tax. 6.2% is deducted from your wages for Social Security and an additional .45% is deducted for medicare for a total of 6.65%. 6.65% of $3008.33 is $200.05. So she will have $200.05 deducted each month. If we mutliply this amount by 12, the yearly total will be $2,400.65.
User Amitav Roy
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