Jay earns $58,100 annually. What is his FICA tax? (At 6.2% for social security and 1.45% for medicare)

Enedene asked Dec 9, 2023

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Enedene asked Dec 9, 2023

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Answer: Medicare taxes. As an employer, you pay a 6.2% Social. Security tax on up to $147,000 (in 2022) of your employee's earnings and a 1.45%.

Explanation:

Jitsu answered Dec 16, 2023

by Jitsu

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