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You will owe 15.3% of your salary for your total FICA contribution. You are an employee, so you pay one half of this total contribution. Your employer pays the other half for you. If your salary is $82,000/year what is going to be deducted from your monthly paycheck as your FICA contribution?

Answer :

oreoluwa2001ng

Answer: $522.75 will be deducted monthly.

Explanation: Total salary for the year is $82,000.

Owe 15.3% of FICA Contributions per annum.

Your employer pays half while you half which is $82,000 * 15.3% = $12,546 per annum

Employer pays $12,546/2 =$ 6,273 while you also pay a total of $6,273 per annum.

To calculate your monthly payments is $6,273/12 = $522.75

Answer:

523

Explanation:

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