Question

Maura is a self-employed artist. She averages a monthly income of$2,980. If the FICA rate is 15.02%, how much FICA tax must she payeach year?a. $3,576b. $227.97c. $2,735.64d. $5,371.15

Answer 1

Answer:

Alternative D - $5,371.15.

Step-by-step explanation:

The annual income (I) of Maura is:

I = 12*2,980

I = $35,760

And the tax (T) she must pay each year:

T = 0.1502*35,760

T = $5371,15