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%?

Question

(1 point)
Responses

$91.80
$91.80

$364.00
$364.00

$27.85
$27.85

$63.95

Answer 1

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