The federal income tax is at 25% on all salaries and wages, and the FICA tax rate

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The federal income tax is at 25% on all salaries and wages, and the FICA tax rate on the first $125,000 in salaries and wages is at 7.65%. Joe Winters earned an annual salary of $100,000 last year. He also elected to take 5% of his salary and put that away as his retirement. What is Joe's net pay? $37,650 $32,650 $62,350 $67,650

Posted Date: May 18, 2024 01:07 PM

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The federal income tax is at 25% on all salaries and wages, and the FICA tax rate

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