Question

What is the FICA tax (assuming a 7.65% rate) on a weekly paycheck of $407.00?

(A) 3.11
(B) 5.32
(C) 31.14
(D) 53.20

Answer 1

31.14

Explanation:

Answer 2

Answer:

FICA tax on a weekly paycheck of $407.00 is $31.14 .

Option (C) is correct .

Explanation:

As given

FICA tax is 7.65% rate and weekly paycheck of $407.00 .

7.65% is written in the decimal form

`= (7.65)/(100)`

= 0.0765

Thus

FICA tax = 0.0765 × Weekly paycheck amount .

Put all values in the above

FICA tax = 0.0765 × 407

= $31.14 (Approx)

Therefore FICA tax on a weekly paycheck of $407.00 is $31.14 .

Option (C) is correct .