Answer:
The FICA tax for an employee who earns 60,000 a year is $ 3,390.
Step-by-step explanation:
Given that you pay 5.65% on the first 110,000 of income and 1.45% in excess of $ 110,000, to calculate the FICA tax for an employee who earns 60,000 a year the following calculation must be performed:
60,000 <110,000
60,000 x 0.0565 = X
3,390 = X
Therefore, the FICA tax for an employee who earns 60,000 a year is $ 3,390.
