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Brian Temple's cumulative earnings are $102,000, and his gross pay for the week is $5,300. If the FICA rates are: OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%, w…

Brian Temple's cumulative earnings are $102,000, and his gross pay for the week is $5,300. If the FICA rates are: OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%, w…
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Brian Temple's cumulative earnings are $102,000, and his gross pay for the week is $5,300. If the FICA rates are: OASDI 6.2% on a limit of $106,800 and Medicare is 1.45%, what are his FICA-OASDI and FICA-Medicare taxes for the week?

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User Mudassir Ali
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1 Answer

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OASDI : 6.2% of 5300 = .062(5300) = 328.60
Medicare : 1.45% of 5300 = .0145(5300) = 76.85
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User Wraithseeker
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