Answer:
$5952
Step-by-step explanation:
By the Federal Insurance Contributions Act which is a U.S. payroll tax meant to fund Medicare and Social Security, the FICA tax is shared among the employer and the employee whereby the employers share is 7.65% of the employees gross income and the employees share is also 7.65% of their gross income with 6.2% being for social security and 1.45% being for Medicare.
Louise Gaines, therefore will have 6.2% of $96,000 or $96,000 × 0.062 = $5952 withheld for the period.
