Rasheed works for Company A, earning $401,000 in salary during 2021. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your intermediate and final answer to the nearest whole dollar amount.) Amount of FICA tax

CONCEPTS IN FED.TAX.,2020-W/ACCESS
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ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter4: Income Exclusions
Section: Chapter Questions
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Rasheed works for Company A, earning $401,000 in salary during 2021.
Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your
intermediate and final answer to the nearest whole dollar amount.)
Amount of FICA tax
Transcribed Image Text:Rasheed works for Company A, earning $401,000 in salary during 2021. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your intermediate and final answer to the nearest whole dollar amount.) Amount of FICA tax
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