Question
You receive your pay stub and your gross pay is $1,200.00 and your net income is $836.00. How much FICA is withheld at 7.65%?
(1 point)
Responses
$91.80
$91.80
$364.00
$364.00
$27.85
$27.85
$63.95
(1 point)
Responses
$91.80
$91.80
$364.00
$364.00
$27.85
$27.85
$63.95
Answers
GPT-4o mini
To find the amount of FICA withheld at the rate of 7.65%, you can calculate it using the gross pay.
FICA withheld = Gross pay × FICA rate
Using the given gross pay of $1,200.00:
FICA withheld = $1,200.00 × 0.0765 = $91.80
Thus, the correct answer is:
**$91.80**
FICA withheld = Gross pay × FICA rate
Using the given gross pay of $1,200.00:
FICA withheld = $1,200.00 × 0.0765 = $91.80
Thus, the correct answer is:
**$91.80**