In 2005, Lee began working as a nurse anesthetist with a taxable income of $119,000. The Medicare tax was 1.45% and the Social Security tax rate was 6.2% to the maximum income of $90,000 that year. How much did Lee pay in FICA taxes in 2005?

$7,305.50

Step-by-step explanation:

The computation of the FICA tax pay in 2005 is shown below:

Medicare = 1.45% × $119,000 = $1,722.50

And, Social security tax = 6.2% × 90,000  = $5,580

So, the FICA tax in 2005 is

= Medicare tax + Social security tax

= $1,722.50 + $5,580

= $7,305.50

step-by-step explanation:

well if you round, things become much more simple. round 5.95 to 6, 4.25 to 4, and 1.05 to 1. now, add 6+4+1 and that would equal 11. so the items together would equal to about $11.