. Christian made $138,000 as a Physician Assistant. Social Security tax is to a maximum income of $128,400. The Medicare tax is 1.45% and th

Question

. Christian made $138,000 as a Physician Assistant. Social Security tax is to a maximum income of $128,400. The Medicare tax is 1.45% and the Social Security tax rate is 6.2%. How much did Christian pay in FICA taxes?

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Yến Oanh 5 years 2021-08-18T13:11:20+00:00 1 Answers 12 views 0

Answers ( )

  1. ngockhue
    0
    2021-08-18T13:13:04+00:00
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    Answer:

    Total money made as a physician = $138,000

    Medicare tax = 1.45% of $138,000

    = 1.45/100 * $138,000 = $2001

    security tax = 6.2 %of $138,000

    = 6.2/100 * $138,000 = $8556

    = $138,000 – ($2001 + $8556)

    $138,000 – $10557

    = $127,443 is paid by Christian in FICA taxes

    hope it helps you

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