Maxine is a self-employed writer. She averages a monthly income of$3,250. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $248.63b. $2,983.50c. $5,857.80d. $39,000

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Steve Vinoski asked Jul 12, 2023

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Maxine is a self-employed writer. She averages a monthly income of$3,250. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $248.63b. $2,983.50c. $5,857.80d. $39,000

Mathematics
college

Steve Vinoski asked Jul 12, 2023

by Steve Vinoski

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Answer:

Alternative C - $5,857.80

Step-by-step explanation:

The annual income (I) of Maxine is:

I = 12*3,250

I = $39,000

The tax (T) Maxine needs to pay each year:

T = 0.1502*39,00

T = $5,857.8

JavierCane answered Jul 18, 2023

by JavierCane

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