During 2012, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $6,800. Compute the amount of FICA taxes that should be withheld from her:
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To calculate FICA taxes from an employee's paycheck, you will need to know: The amount of gross pay for that pay period The total year-to-date gross pay for that employee The Social Security and ...
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