Andrew, an employee of Super Retailer, Inc., has a gross salary for March of $5,500. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. The total amount of employee FICA tax is $841.50. (Assume a FICA—OASDI Tax of 6.2% and FICA—Medicare Tax of 1.45%.)

True 

False

Answer rating: 100% (QA)

False Explanation ... View the full answer