Multiple Choice
In December 2011,B.Rich worked for Payless,Inc.and earned $10,000.Federal income tax withholding is 20%.The FICA rate is 6.2% and the Medicare tax is 1.45%.How much cash will Payless pay the government for FICA because of B.Rich's December earnings?
A) $1,240
B) $2,765
C) $765
D) $1,530
Correct Answer:
Verified
Correct Answer:
Verified
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