Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dave brown's cumulative earnings are $90,000, and

Dave Brown's cumulative earnings are $90,000, and his gross pay for the week is $6,400....

90.2K

Verified Solution

Question

Accounting

Dave Brown's cumulative earnings are $90,000, and his gross pay for the week is $6,400. If the FICA rates are: Social Security 6.2% on a limit of $142,800 and Medicare is 1.45%, what are his FICA Social Security and FICA Medicare taxes for the week? (Round your answers to the nearest whole dollar.)
A. $397;$0
B. $0;$93
C. $3,968;$928
D. $397;$93
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

1) Determine the distance between the point (-2, 6) and the line 3x -4y -10 =...

Finance
1.2K views

Analyze the following common size balance sheet. Consider the below guidance: Have structural changes taken place in...

Biology
1.2K views

a With your total magnification set at 40x and the top thread in focus is...

Physics
1.2K views

0 If given wave has propagation constant 511 rad m then phase difference between two...

Geometry
1.2K views

The lateral area of a pyramid with a square base is 2400 in Its base...

Basic Math
1.2K views

mework A news item is spread by word of mouth to a potential audience of...

Algebra
1.2K views

Ch 10 Qutzi TB MC Qu 10 44 Algo Currie Company bo

Algebra
1.2K views

5 3b 25b 50

Accounting
1.2K views

Amy and Mitchell share equally (50%) in the profits, losses, and capital of the accrual...

Accounting
1.2K views

For each of the following independent cases, fill in the missing amounts: (Indicate the effect...

Accounting
1.2K views

Use the following information to compute the cost of goods sold for the period

Accounting
1.2K views

Cement LTD, a private contracting and construction company, is issuing public capital for the first...