Question

use the percentage method of withholding to find federal withholding tax, a 6.2% fica rate to find fica tax, and 1.45% to find medicare tax for the following employee. then find the net pay for the employee. the filing status is listed after the name. assume that no employee has earned over $180,000 so far this year.
employee
derma, m filing separately
weekly earnings
$3425
click the icon to view the table for the percentage method for income tax withholding.
the federal withholding tax is $ 631.24
(round to the nearest cent as needed.)
the fica tax is $
(round to the nearest cent as needed.)

Explanation:

Step1: Identify FICA tax rate and earnings

FICA tax rate is 6.2%, weekly earnings are $3425.

Step2: Calculate FICA tax

FICA tax = Weekly Earnings × FICA rate = $3425 × 0.062
$3425 × 0.062 = 212.35

Answer:

The FICA tax is $212.35