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Janine is an employee for a company whose gross earnings were $100,000 in 2018. Calculate Janine's Social Security portion
of the FICA tax for 2018.
Given that, for this earnings amount, the current tax rate for social security is 6.2% for the employer and 6.2% for the
employee, how much did Janine have to pay in FICA taxes for 2018?

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sqdancefan

Answer:

  $6,200

Step-by-step explanation:

  6.2% of $100,000 is

  $100,000 × 0.062 = $6,200

Janine paid $6,200 in Social Security taxes for 2018.

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