An employees share of both fica taxes was 405450given that


Question - The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FICA taxes was $4,054.50.Given that this employee did not exceed the FICA earnings limitation, compute gross pay.

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Accounting Basics: An employees share of both fica taxes was 405450given that
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