How much fica- oasdi tax will be withheld from employees pay


Problem

An employee has year-to-date earnings of $130,400. The employee's gross pay for the next pay period is $3,500. If the FICA-OASDI is 6.2% and the wage base is $132,900, how much FICA- OASDI tax will be withheld from the employee's pay?

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Financial Management: How much fica- oasdi tax will be withheld from employees pay
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