Skip to main content

My Courses

Calculators AI Tools Study Prep Blog Study Prep Home

Payroll and Payroll Taxes

9. Current Liabilities / Payroll and Payroll Taxes / Problem 5

Problem 5

If an employee's gross pay is \$80,000, what is the total FICA tax paid by both the employee and employer?

A

\$9,180

B

\$15,300

C

\$12,240

D

\$6,120