Jaybob19 Jaybob19

19-12-2022
Business

Answered

FICA stands for the Federal Insurance Contributions Act and is a mandatory payroll deduction. The FICA tax rate is 7.65% and consists of Social Security tax (6.2%) and Medicare tax (1.45%). Social Security is a federal program that provides benefits for retirees, the disabled and minor children of deceased workers. Medicare is a federal program that provides hospital insurance benefits for the elderly.

Answer :

Other Questions

the dink method is for families with:multiple choice question.very small insurance needsplex insurance needs.very large insurance needs.simple insurance needs.

What will be the end result for the taxpayer who filed his federal income tax return.

The price of a pair of shoes is $72. 00, plus 8% sales tax. What is the sales tax on this pair of shoes in dollars and cents?.

The type of insurance which pays for the replacement or repair of YOUR vehicle following a crash in which you are at fault is _____. Collision insurance. (Colli

wilson electric reports income tax expense of $151,000. income tax payable at the beginning and end of the year are $20,200 and $25,300, respectively. what is t

a state or local tax on goods and services that is collected by the seller is called a

After adding tax and a tip, the total lunch cost was $32. 24. What percentage of the cost of their food and beverages did they give as tip? write your answer to

The housing market has collapsed. banks are becoming very restrictive in their lending practices. which action would the federal reserve take to encourage banks

A promisee has the right to expect or demand that something will or will not happen in the future. By supplying procedures for enforcing private agreements, con

how does neoclassical economist gary becker come to the conclusion that women may purposely seek less-demanding, lower-paying work and that any experience they