Mia makes $325 per week and takes 2 exemptions. her fica is 6.25%. how much is deducted from her paycheck each week for fica and tax withholding?

a.

$19.50

b.

$20.31

c.

$22.31

d.

$22.50

Given is :

Weekly earnings of Mia = $325

FICA percentage is 6.25%. FICA comprises of the Social Security tax and Medicare tax that has rates of- 6.2% and 1.45% respectively. As there are exemptions included, and given is only FICA deductions so we will calculate the FICA deductions.

= $20.31

Hence, option B is the answer.

FICA is withholding $20.31 of Mia's weekly paycheck.

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

The Federal Insurance Contributions Act (FICA) is a tax that funds an employees Medicare and Social Security. Thanks to the information in the question we know that they take 6.25% of Mia's weekly paycheck. To calculate how much this amount actually is we need to first convert the percent into a decimal. We do this by moving the decimal 2 digits to the left like so,

6.25%   ⇔   0.0625

Now that we have the percent in decimal form we can multiply it by Mia's weekly paycheck in order to calculate the amount that FICA is withholding monthly.

Finally, we can see that FICA is withholding $20.31 of Mia's weekly paycheck.

I hope this answered your question. If you have any more questions feel free to ask away at .

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step-by-step explanation: