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Author Question: Denzel earns $130,000 in 2016 through his job as a sales manager. What is his FICA tax? (Read 64 times)

Davideckstein7

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Question 1

Charlie makes the following gifts in the current year: $40,000 to his spouse, $30,000 to his church, $18,000 to his nephew, and $25,000 to a friend. Assuming Charlie does not elect gift splitting with his wife, his taxable gifts in the current year will be
◦ $13,000.
◦ $15,000.
◦ $25,000.
◦ $41,000.

Question 2

Denzel earns $130,000 in 2016 through his job as a sales manager. What is his FICA tax?
◦ $9,232
◦ $9,778
◦ $9,065
◦ $9,945


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Marked as best answer by Davideckstein7 on Sep 13, 2020

catron30

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Davideckstein7

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Reply 2 on: Sep 13, 2020
Wow, this really help


tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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