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Calculate the corporation total fica payroll taxes

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Reference no: EM132102987

Question - Prior to December 11, the Alana Corporation's two employees had the following gross pay: Kevin $59,000 and Linda $6,700. During the week ended December 17, Kevin earned $2,200 and Linda $600. For this year, assume the OASDI FICA tax rate is 6% of the first $60,000 of each employee's earnings and the Medicare FICA tax is 1% of each employee's total earnings.

Calculate the Corporation's total FICA payroll taxes withheld for the week ended December 17.

a. $124

b. $64

c. $196

d. $112

Reference no: EM132102987

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