Question

A medical assistant earns $15.00 per hour and works 40 hours during a one-week pay period. Federal taxes for the Federal Insurance Contributions Act (FICA) are withheld at 7.65 percent. How much money will be withheld from her gross earnings for a one-week period?

a) $45.75
b) $61.00
c) $31.35
d) $38.25

Answer 1

The amount of money withheld from the medical assistant's gross earnings for a one-week period is $61.00.

Step-by-step explanation:

To calculate the amount of money withheld from the medical assistant's gross earnings for a one-week period, we need to first calculate the gross earnings. The medical assistant earns $15.00 per hour and works 40 hours, so the gross earnings would be $15.00 x 40 = $600.00.

Next, we need to calculate the amount of money withheld for FICA taxes. FICA taxes are withheld at a rate of 7.65 percent. To calculate this, we multiply the gross earnings by 7.65 percent:

$600.00 x 0.0765 = $45.90

Therefore, the correct answer is option b) $61.00.