The limit in 2008 for fica tax was 102,000. so if an individual makes $314,000 in one year, how much in \"continuing\" medicare tax will they have to pay? (medicare tax is 1.4% for individuals and 2.9% for the self- a. 2,968.00. b. 4,396.00. c. 6,148.00. d. 9,106.00

102,000 FICA tax
Medicare tax individuals is 1.4% and 2.9% self-employed
n = continuing medicare tax

Solution: 102,000 x 1.4%= 1,428 individual tax
                102,000 x 2.9% = 2,958 self-employed tax
               
                  1,428 + 2,958 = n continuing medicare tax
n = $4,386 continuing medicare tax