Multiple Choice
In 2005,Lee began working as a nurse anesthetist with a taxable income of $119,000.The Medicare tax was 1.45% and the Social Security tax rate was 6.2% to the maximum income of $90,000 that year.How much did Lee pay in FICA taxes in 2005?
A) $9,103.50
B) $7,305.50
C) $5,580.00
D) $1,725.50
Correct Answer:
Verified
Correct Answer:
Verified
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