During 2018, Jackson Corporation paid Brittany a salary of $110,000. How much is Jackson Corporation’s deduction (rounded to the nearest dollar) for its share of FICA taxes paid on Brittany’s compensation? 

a. $8,942

b. $8,415 

c. $7,347 

d. $6,820

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2018 2017 Social Security and Medicare Taxes FICA Social Security tax rate SECA Social Security tax rate FICA Medicare tax rate 6. 2% 6.2% 12.4% 12.4% 1.45% 1.45% SECA Medicare tax rate 2.9% 2.9% Social Security income limit Medicare tax income limit $128,400 $127,200 None None Total SECA rate below SS income limit 15.3% 15.3% Deductible SECA rate below SS income limit 7.65% 7.65% 2018 2017 Social Security and Medicare Taxes FICA Social Security tax rate SECA Social Security tax rate FICA Medicare tax rate 6. 2% 6.2% 12.4% 12.4% 1.45% 1.45% SECA Medicare tax rate 2.9% 2.9% Social Security income limit Medicare tax income limit $128,400 $127,200 None None Total SECA rate below SS income limit 15.3% 15.3% Deductible SECA rate below SS income limit 7.65% 7.65%

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