Math  /  Word Problems

QuestionCalculate Eric Diaz's FICA taxes for August with earnings of \$8600, considering Social Security and Medicare rates.

Studdy Solution
Calculate the total FICA tax deduction.
TotalFICAtaxdeduction=$136.4+$124.7=$261.Total\, FICA\, tax\, deduction = \$136.4 + \$124.7 = \$261.The wage amount subject to Social Security tax is \$2,200, the Social Security tax deduction is \$136.4, the Medicare tax deduction is \$124.7, and the total deduction for FICA taxes is \$261..

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