Eleanor had a gross income of $2,478.15 during each pay period in 2010 if she got paid monthly how much of her pay was deducted for FICA in 2010

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ryleelane0630 ryleelane0630

15-02-2017
Mathematics

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Eleanor had a gross income of $2,478.15 during each pay period in 2010 if she got paid monthly how much of her pay was deducted for FICA in 2010

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taskmasters taskmasters · Answer 1 · 2017-02-25T14:09:50+01:00

According to reliable sources online, the FICA rate last 2010 amounted to 6.2%. The amount deducted to Eleanor's pay monthly is calculated by multiplying the monthly pay and the rate. That is,
FICA (monthly) = ($2,478.15)(0.062)
= $153.636
Multiplying that amount by 12 (since there are 12 months in a year) is equal to $1843.632. Thus, $1843.632 was deducted from Eleanor's pay last 2010 for FICA.