← FICA Contributions. Brian makes $25,100 per year. How much can Brian expect to contribute to FICA taxes in 2018? How much will his employer contribute? (Hint: The total FICA tax rate is 7.65%) The amount Brian can expect to contribute to FICA taxes in 2018 is $ (Round to the nearest cent) The amount his employer will contribute is $ (Round to the nearest cent.)

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 38P
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FICA Contributions. Brian makes $25,100 per year. How much can Brian expect to contribute to FICA taxes in 2018? How much will his employer contribute? (Hint: The total
FICA tax rate is 7.65%)
CALEDS
The amount Brian can expect to contribute to FICA taxes in 2018 is $(Round to the nearest cent)
The amount his employer will contribute is $
(Round to the nearest cent.)
Next
Transcribed Image Text:↑ FICA Contributions. Brian makes $25,100 per year. How much can Brian expect to contribute to FICA taxes in 2018? How much will his employer contribute? (Hint: The total FICA tax rate is 7.65%) CALEDS The amount Brian can expect to contribute to FICA taxes in 2018 is $(Round to the nearest cent) The amount his employer will contribute is $ (Round to the nearest cent.) Next
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