154k views
3 votes
Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax

1 Answer

4 votes
Fica tax is around 15.3 % on the first $127,200 wages, therefore if your monthly salary is of $4,538 times 12 months is equal to $54,456 which is his yearly salary. Trey's salary times the fica tax which is 15.3% equals to about $8,168.4
User Kaustubh
by
8.7k points