FICA tax … Financial & Accounting
Please solve this question..
Assume the FICA tax is 6.2 percent on the first $64,500 of earnings and 1.45 percent on earnings in excess of $64,500. Jean has earnings of $65,000. What is the total FICA tax on Jean’s earnings (to the nearest $1)?
A.$935
B.$4,006
C.$4,030
D.$4,112