What is the employee yearly contribution to the
U.S. Medicare tax on a salary of 40,000 $/year?
A. $2480
C. $1160
FICA Taxes
Social Security
12.4%
employer exployee
6.2%
6.2%
Medicare
2.9%
employer employee
1.45% 1.45%
B. $4960
D. $580