Question

Find the amount of the fica deduction from the check $835 biweekly.

a) $50.93
b) $56.55
c) $39.29
d) $63.65

Answer 1

To calculate the FICA deduction from a $835 biweekly paycheck, multiply the paycheck amount by 6.2% for Social Security and 1.45% for Medicare, then add the two results.

Step-by-step explanation:

The question involves calculating the FICA (Federal Insurance Contributions Act) deduction from a biweekly paycheck of $835. The FICA tax rate for Social Security is 6.2% and for Medicare is 1.45%. To find the FICA deduction, we need to calculate both Social Security and Medicare deductions.

First, calculate the Social Security deduction: $835 x 0.062 = $51.77

Next, calculate the Medicare deduction: $835 x 0.0145 = $12.11

Now, add both deductions to get the total FICA deduction: $51.77 + $12.11 = $63.88 (approximately).

The closest answer to the total FICA deduction from the options given is option d) $63.65, which may indicate a slight variance due to rounding differences in the calculation.