Question

Lamden Company paid its employee, Trudy, wages of $52,000 in 2019. Calculate the FICA tax:

Withheld from Trudy's wages:	Social Security	$
	Medicare	$
Paid by Lamden:	Social Security	$
	Medicare	$
Total FICA Tax		$

Answer 1

Withheld from		$	$
Trudy's wages:
Social Security	52000*6.2%=	3224
Medicare	52000*1.45%=	754	3978
Paid by Lamden:
Social Security	52000*6.2%=	3224
Medicare	52000*1.45%=	754	3978
Total FICA tax			7956
Wage base for FICA-Social security in 2019 is $ 132900
No limit for FICA-Medicare
But , if the wage paid in excess of $ 200000, Medicare withholding of 0.9% *excess from employees alone.Employers need not pay this