Question

FICA tax is a combination of the Social Security tax and the Medicare tax. That is there is $765 tax for every $10,000 earned. Jon paid $3,557.25 last year in FICA tax. What was Jon's income last year? A.$45,600 B.$56,400 C.$46,500

Answer 1

First we need to know how many times 765 are in $3557.25

`(3,557.25)/(765)=4.65`

Then we multiply 4.65 by 10000

`4.65*(10000)=46500`

Jon's income last year was $46,500

ANSWER

C.$46,500