Tom has no voluntary deductions toms yearly pay is under


Question - Tom's gross pay for the month is $2,800. Tom's deduction for federal income tax is based on a rate of 24%. Tom has no voluntary deductions. Tom's yearly pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tom's pay? (Assume a FICA long dash-OASDI Tax of 6.2% and FICA long dash-Medicare Tax of 1.45%.) (Do not round any intermediate calculations, and round your final answer to the nearest cent.)

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