Explain the fica tax rate


An employee earns $18 per hour and 1 1/2 times that rate for all hours worked in excess of 40 hours per week. Assume that the employee works 46 hours during the week and the FICA tax rate is 7% and federal income tax withheld is $185. The employee's net pay is?

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Accounting Basics: Explain the fica tax rate
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