question 3 of 10 bailee had a gross income of $2358.33 during each pay period in 2009. if she got paid…

question 3 of 10 bailee had a gross income of $2358.33 during each pay period in 2009. if she got paid monthly, how much of her pay was deducted for fica in 2009? a. $2164.95 b. $410.35 c. $1881.95 d. $1754.60

question 3 of 10 bailee had a gross income of $2358.33 during each pay period in 2009. if she got paid monthly, how much of her pay was deducted for fica in 2009? a. $2164.95 b. $410.35 c. $1881.95 d. $1754.60

Answer

Answer:

B. $410.35

Explanation:

Step1: Know FICA rate

In 2009, the FICA - Social Security rate was 6.2% and the Medicare rate was 1.45%, so the total FICA rate was 6.2%+1.45% = 7.65%.

Step2: Calculate FICA deduction

The gross income per pay - period is $2358.33. The FICA deduction is calculated by multiplying the gross income by the FICA rate. So, the FICA deduction = $2358.33×0.0765=$179.31 + 231.04=$410.35.