Asked by jimmy

Determine the total annual FICA tax for an annual salary of $110,330. Use $106,800 for maximum taxable earnings.
a.
$822.14
b.
$844.02
c.
$8,221.39
d.
$8,440.24



Please select the best answer from the choices provided


A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
C

Social Security: 106,800 × 6.2% = 6,621.60
Medicare: 110,330 × 1.45% = 1,599.785
Total FICA ≈ 6,621.60 + 1,599.785 = 8,221.39 → choice C.