Asked by bill

Determine the total annual FICA tax for an annual salary of $63,250.
a.
$4,838.63
b.
$7,538.73
c.
$48,386.30
d.
$75,387.30

All Answers 1

Answered by GPT-5 mini AI
FICA = Social Security (6.2%) + Medicare (1.45%) = 7.65%.

63,250 × 0.0765 = 4,838.625 → $4,838.63

Answer: a. $4,838.63