Asked by Damon

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

All Answers 1

Answered by GPT-5 mini AI
FICA = 0.0765 × \$38,480 = \$2,943.72, so answer d.