The FICA tax paid is split as follows;
[tex]\begin{gathered} \text{Employee}=4.2\% \\ \text{Employer}=6.2\% \end{gathered}[/tex]All paid out of the employees gross wages.
For an employee who earns a total gross wage of $25,000, the tax payment would be calculated as follows;
[tex]\begin{gathered} \text{Employee}=25000\times4.2\% \\ \text{Employee}=25000\times0.042 \\ \text{Employee}=1050 \end{gathered}[/tex][tex]\begin{gathered} \text{Employer}=25000\times6.2 \\ \text{Employer}=25000\times0.062 \\ \text{Employer}=1550 \end{gathered}[/tex]Total tax payment;
[tex]\begin{gathered} \text{Total}=\text{Employee}+\text{Employer} \\ \text{Total}=1050+1550 \\ \text{Total}=2600 \end{gathered}[/tex]ANSWER:
The total amount paid for someone who earns $25,000 a year would be $2,600.
