Baker is single and earned $226,200 of salary as an employee in 2015. How much should his employer have withheld from his paycheck for FICA taxes?

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Baker is single and earned $226,200 of salary as an employee in 2015. How much should his employer have withheld from his paycheck for FICA taxes?

$10,863

$15,916

$9,681

$10,247

0

Answer : his employer have withheld from his paycheck for FICA taxes =$ 10,863

Working Notes for the above answer

Baker is single and earned $226,200 of salary as an employee in 2015.

$118,500 (SS maximum) x.062=$7347
$200,000x.0145=$2900
$26,200x .0235= 616

Toatl Withheld tax= $ 7347 +$ 2,900 + $ 616

= $ 10,863

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