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Felicia is a manager at the All You Can Eat Buffet. She earns 38550 annually. If she pays 6.2 of her annual income toward Social Security and 1.45 of her income toward Medicare how much will she?
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Felicia works at all you can eat buffet as a manager she earns 28500.00 annually how much will she pay in fica tax in one year?
If she is a employee and has a employer her social security and medicare tax (FICA) withholding amounts from her gross income that will be reported in box 1 of her W-2 form. The total combined amount of the employer contributions 7.65% plus the 7.65% amount that will be withheld from her gross wages will be entered in box 4 social security tax and box 6 medicare tax of her W-2 form Her share of the those amounts on the earned amount of 28500 would be 2180.25
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Felicia is a manager at the all you can eat buffet she earns 38550 annually if she pays 6.2 percent of her annual income toward social security and 1.45 percent of her income toward medicare how much?
Felicia should ask her employer about any other amounts that will have to be withheld from her gross annual pay of 38550 that will have to be withheld before she will be able to determine her annual net take home pay. 38550 X .0765 = 2949.08 38550.00 -2949.08 =35600.92 and then she will still have other amounts that will be withheld before she will be able to determine how much her actual net take home pay will be.
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