Rachel requires surgery on April 23, 2017 and does not return to work until September...

50.1K

Verified Solution

Question

Accounting

Rachel requires surgery on April 23, 2017 and does not return to work until September 1, 2017. While on disability, she receives $1,500 in third-party sick pay. Her employer paid 45% of the disability insurance premium. How much of this payment is subject to FICA and FIT?

a. $825 subject to FICA $825 subject to FIT

b. $675 subject to FICA $675 subject to FIT

c. $1,500 subject to FICA $1,500 subject to FIT

d. $1,500 subject to FICA $675 subject to FIT

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