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Jenny earns $44,500 in 2016. calculate the fica tax that must be paid by:

User Pras
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1 Answer

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Given that Jenny earned $44,500 in 2016.

Her contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her employer's contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759

Her contribution to the medicare is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Her employer's contribution to the Social Security is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25

Therefore, her total FICA tax is 2(2,759) + 2(645.25) = $5,518 + $1,290.50 = $6,808.50
User Anton Rudeshko
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