ABC Bookstore has an annual payroll of $356,000. What is the FICA for ABC
Bookstore?
O A. $35,600
O B. $76,500
O C. $27,234
O D. $23,768

$27,234

Step-by-step explanation:

Federal Insurance Contributions Act(FICA) is a United States federal payroll tax. It is deducted from every paycheck. As one works and pay FICA taxes, the person earn credits for Social Security benefits. The FICA rate is 7.65%.

Since ABC Bookstore has an annual payroll of $356,000, the company's FICA will be 7.65% of $356,000 which will be:

= 7.65% of $356,000

= 7.65/100 × $356,000

= 0.0765 × $356,000

= $27,234

120 seems like the most sensible answer.

step-by-step explanation:

if there is only one topping on all caramel apples and there's 120 of them. then all apples should/will be covered in sprinkles. make sense?