Final answer:
To calculate the amount of FICA withheld from Tony Stark's gross pay, we need to know the rates for Social Security and Medicare deductions. Assuming the current social security withholdings for employees is 6.20% and the Medicare rate is 1.45% of the gross pay, the amount withheld for FICA (including both Social Security and Medicare components) is $24.48.
Step-by-step explanation:
To calculate the amount of FICA withheld from Tony Stark's gross pay, we need to know the rates for Social Security and Medicare deductions. The question states that the social security withholdings for employees is currently 6.20%, so we can calculate the amount withheld for Social Security as follows:
Social Security withholdings = Gross Pay × Social Security rate
Social Security withholdings = $320.00 × 0.0620
Social Security withholdings = $19.84
Similarly, the Medicare rate is mentioned as 1.45% of the gross annual income. Assuming this rate applies to Tony Stark's gross pay for the week, we can calculate the amount withheld for Medicare as follows:
Medicare withholdings = Gross Pay × Medicare rate
Medicare withholdings = $320.00 × 0.0145
Medicare withholdings = $4.64
Therefore, the total amount withheld from Tony Stark's check for FICA (including both Social Security and Medicare components) is the sum of the two withholdings:
Total FICA withholdings = Social Security withholdings + Medicare withholdings
Total FICA withholdings = $19.84 + $4.64
Total FICA withholdings = $24.48