An employee works for Acme Corporation and is paid biweekly. For the most recently completed pay period, he earned $1,000 in gross pay and he has been paid $40,000 year-to-date. John has no deductions or other items increasing or decreasing his FICA taxable income. Please calculate the FICA withholding for the employee’s current paycheck. An employee is paid $1,000 weekly. Calculate FICA taxes on the employee’s week 51 and 52 paychecks for the year. An employee is paid $2,500 weekly. Calculate FICA taxes on the employee’s week 51 and 52 paychecks for the year. An employee earns $65,000 from W-2 related employment and $35,000 from self-employment in 2015.
calculate:
a. Earnings subject to SE Tax
b. Amount of SE Tax in total
c. Amount of SE Tax that shows up on the first page of Form 1040
