## Related questions with answers

Janice Wong receives an annual salary of $42,536, which is paid weekly. Her normal work week is 40 hours, and she is paid time and a half for all overtime. She is single and claims two withholding allowances. Her deductions include FICA, Medicare, federal withholding, state disability insurance, state withholding at 4.4%, credit union payments of$125, retirement deductions of $75, association dues of$12, and a Diabetes Association contribution of $25. Find the FICA for a week in which she works 52 hours.

Solution

Verified**First, lets see the formula we will use to calculate regular weekly earnings:**

$\begin{align*} \text{Regular weekly earnings} &= \frac{\text{Annual salary}}{\text{Number of weeks in a year}} \end{align*}$

Annual salary = $42,536

Number of weeks in a year = 52 weeks

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