kaitsepp2012p032ss kaitsepp2012p032ss

15-03-2018
Mathematics

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Brenna had a gross income of $2158.22 during each pay period in 2010. If she got paid monthly, how much of her pay was deducted for FICA in 2010?

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sethhell2 sethhell2

15-03-2018

FICA stands for Federal Insurance Contributions Act and FICA taxes are deductions from gross earnings at a rate of 7.65%. If Brenna earns monthly at a gross of $2158.22, then her deduction for FICA is $165.10383 which is 7.65% from her gross income ($2158.22 x 0.0765).

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