Rans wage income is $47,350 in 2018. The combined employer and employee FICA tax rates that apply

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Ran’s wage income is $47,350 in 2018. The combined employer and employee FICA tax rates that apply to Ran’s wages are: 

a. 15.3% for Social Security and Medicare. 

b. 6.2% for Social Security and Medicare.

c. 1.45% for Medicare

d. 7.65 for Social Security

e. None of the above

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Related Book For  answer-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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