Federal income tax withholding

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Reference no: EM131212862

n December 2009, Homer Simpson worked for Springfield Power and earned $5,000, which will be paid on January 15, 2010. Federal income tax withholding is 15%. The FICA rate is 6.2% and the Medicare tax is 1.45%. How much cash will Springfield Power pay the government for FICA because of Homer’s December earnings? a. $750 b. $382.50 c. $620 d. $310

Reference no: EM131212862

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