Question

I NEED AN ANSWER ASAP

What mood is conveyed through the words that describe the appearance of the jail?
Determine the total annual FICA tax for an annual salary of $38,480.
a.

$294.37
b.

$717.96
c.

$2,385.76
d.

$2,943.72

Answer 1

Explanation:

Dreary is the mood conveyed.

There are two parts in the annual FICA (Federal Insurance Contributions Act) tax: Social Security and Medicare. The annual Social Security tax rate is at 6.2% while the Medicare tax rate is at 1.45%. So the total annual FICA tax rate is at 7.65%.

For an annual salary of $38,480, the total annual FICA tax is $38,480*7.65% = $2943.72

The answer is d.