Brooke, a single taxpayer, works for Company A for all of 2018, earning a salary of $50,000.
Question:
Brooke, a single taxpayer, works for Company A for all of 2018, earning a salary of $50,000.
a. What is her FICA tax obligation for the year?
b. Assume Brooke works for Company A for half of 2018, earning $50,000 in salary, and she works for Company B for the second half of 2018, earning $90,000 in salary. What is Brooke’s FICA tax obligation for the year?
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a 3825 Because Brookes salary is below the 128400 Social Security wage base limit for 2018 she pays ...View the full answer
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Related Book For 
Essentials Of Federal Taxation 2019
ISBN: 9781260190045
10th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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