Determine the total annual fica tax for an annual salary of $38,480. (fica is 7.65%) a. $294.37 b. $717.96 c. $2,385.76 d. $2,943.72
Determine The Total Annual Fica Tax For An Annual Salary Of $38,480. (Fica Is 7.65%) A. $294.37 B. $717.96 C. $2,385.76 D. $2,943.72
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Determine The Total Annual Fica Tax For An Annual Salary Of $38,480. (Fica Is 7.65%) A. $294.37 B. $717.96 C. $2,385.76 D. $2,943.72. The total annual fica tax for a salary of $38,480 is calculated using 6.2% for social security and 1.45% for medicare, totaling 7.65%. To determine the total annual fica tax for an annual salary of $38,480 at a rate of 7.65%, we can follow these steps:
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After calculations, the total fica tax. To calculate the total annual fica tax, we need to multiply the annual salary by the fica tax rate. To determine the total annual fica tax for an annual salary of $38,480, we need to calculate 7.65% of that salary.
To Calculate The Total Annual Fica Tax, We Need To Multiply The Annual Salary By The Fica Tax Rate.
Calculate the fica tax by multiplying the salary by the fica rate. To determine the total annual fica tax for an annual salary of $38,480, we need to multiply the salary by the fica tax rate, total fica tax = annual salary × fica tax rate. To determine the total annual fica tax for an annual salary of $38,480 at a rate of 7.65%, we can follow these steps:
To Determine The Total Annual Fica Tax, We Need To Multiply The Annual Salary By The Fica Rate Of 7.65%.
The fica tax rate includes both social security and medicare taxes. The total annual fica tax for a salary of $38,480 is calculated using 6.2% for social security and 1.45% for medicare, totaling 7.65%. The total annual fica tax for an annual salary of $38,480 is calculated by summing the social security tax of $2,385.76 and the medicare tax of $557.96, resulting in a.
After Calculations, The Total Fica Tax.
On the employee's side, he/she has to shoulder 6.2% of the annual salary for the social security tax,. To determine the total annual fica tax for an annual salary of $38,480, we need to calculate 7.65% of that salary. $2,943.72 is the total annual fica tax for an annual salary of $38,480.