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-   -   Finding FICA tax (https://www.askmehelpdesk.com/showthread.php?t=233467)

  • Jul 3, 2008, 09:53 AM
    texanqt63
    Finding FICA tax
    Employee earnings records for Medenciy Company reveal the following gross earnings for four employees through the pay period of December 15.
    C.Ogle $84,420 D.Delgado $87,840
    L.Jeter $88,580 T.Spivey $90,000


    For the pay period ending December 31, each employee’s gross earnings is $3,840.The FICA tax rate is 8% on gross earnings of $90,000.

    This is my question. Im not really sure how to go about answering it. I don't know if I should add the 3840 to each of the employees earnings and then take the 8% of the earnings that are over 90,000.
  • Jul 3, 2008, 05:13 PM
    JudyKayTee
    I find it odd that the same question, same employee names, is posted twice - by 2 different people -

    Could this be homework?
  • Jul 5, 2008, 11:40 PM
    morgaine300
    See answer for same question here:
    https://www.askmehelpdesk.com/accoun...gs-233496.html

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