Business
Business, 14.04.2020 20:14, markellg1128

Timothy's gross pay for this month is $8,950. His gross year-to-date pay, prior to this month, totaled $110,500. What is the amount of FICA tax withheld from Timothy's pay for this month? (Assume an OASDI rate of 6.2%, applicable on the first $117,000 earnings, and a Medicare rate of 1.45%, applicable on all earnings. Do not round any intermediate calculations, and round your final answer to the nearest cent.)

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Timothy's gross pay for this month is $8,950. His gross year-to-date pay, prior to this month, total...

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