Maura is a self-employed artist. She averages a monthly income of$2,980. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $3,576b. $227.97c. $2,735.64d. $5,371.15

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Hakkar asked Dec 5, 2023

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Maura is a self-employed artist. She averages a monthly income of$2,980. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $3,576b. $227.97c. $2,735.64d. $5,371.15

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Hakkar asked Dec 5, 2023

by Hakkar

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Answer:

Alternative D - $5,371.15.

Step-by-step explanation:

The annual income (I) of Maura is:

I = 12*2,980

I = $35,760

And the tax (T) she must pay each year:

T = 0.1502*35,760

T = $5371,15

Rakmoh answered Dec 9, 2023

by Rakmoh

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