Solved

Solve the Problem

Question 9

Multiple Choice

Solve the problem. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and an SDI rate of 1%. Assume the person's
earnings will not exceed $31,800 for the year. Round to the nearest cent if needed.
-Bill Fox is paid 7% commission on sales. During a recent week, he had sales of $11,691.49 and allowances of $1,808. Find his Social Security tax, Medicare tax, and SDI deduction for the week.


A) $42.89, $10.03, $6.92
B) $58.59, $8.18, $9.45
C) $50.74, $11.87, $8.18
D) $42.46, $9.93, $6.85

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions