Question
Determine the total annual FICA tax for an annual salary of $38,480. (FICA is 7.65%)
a.
$294.37
b.
$717.96
c.
$2,385.76
d.
$2,943.72
a.
$294.37
b.
$717.96
c.
$2,385.76
d.
$2,943.72
Answers
GPT 3.5
To determine the total annual FICA tax, we need to calculate 7.65% of the annual salary of $38,480.
FICA tax = 0.0765 x $38,480 = $2,943.72
Therefore, option d. $2,943.72 is the correct answer.
FICA tax = 0.0765 x $38,480 = $2,943.72
Therefore, option d. $2,943.72 is the correct answer.