An employee works for Acme Corporation and is paid biweekly. For the most recently completed pay period, he earned $1,000 in gross pay and he has been paid $40,000 year-to-date. John has no deductions or other items increasing or decreasing his FICA taxable income. Please calculate the FICA withholding for the employee’s current paycheck. An employee is paid $1,000 weekly. Calculate FICA taxes on the employee’s week 51 and 52 paychecks for the year. An employee is paid $2,500 weekly. Calculate FICA taxes on the employee’s week 51 and 52 paychecks for the year. An employee earns $65,000 from W-2 related employment and $35,000 from self-employment in 2015. 

calculate:

a. Earnings subject to SE Tax 

b. Amount of SE Tax in total 

c. Amount of SE Tax that shows up on the first page of Form 1040

Answer rating: 100% (QA)

An employee works for Acme Corporation and is paid biweekly For the most recently completed pay period he earned 1000 in gross pay and he has been pai... View the full answer