Fidicuary Investments paid its employee, Yolanda, wages of $137,000 in 2018. Calcu-late the FICA tax: Withheld from Yolanda’s wages:                                                       Social Security $______________                                                               Medicare $______________ Paid by Fiduciary:                          Social Security $______________                                                               Medicare $______________   Total FICA  Tax:                                                    $$______________

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 51P: Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys...
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Fidicuary Investments paid its employee, Yolanda, wages of $137,000 in 2018. Calcu-late the FICA tax:

Withheld from Yolanda’s wages:

                                                      Social Security $______________

                                                              Medicare $______________

Paid by Fiduciary:                          Social Security $______________

                                                              Medicare $______________

 

Total FICA  Tax:                                                    $$______________

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