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n/takeAssignment/takeAssignment Main.do?invoker=&takeAssignment Session Locator=&inprogress=false Q ☆ eBook Print Item ? Problem 9-10 The FICA Tax (LO 9.3) Thuy worked as the assistant manager at Burger Crown through August 2021 and received wages of $81,000. Thuy then worked at Up and Down Burger starting in September of 2021 and received wages of $64,000. Calculate the amount of Thuy's overpayment of Social Security taxes that she should report on her 2021 Form 1040. Round your answer to two decimal places. 45,260 X Feedback Check My Work The Federal Insurance Contributions Act (FICA) imposed Social Security taxes. It was passed by Congress in 1935 to provide benefits for qualified retired and disabled workers. Taxpayers who work for more than one employer during the same tax year may pay more than the maximum amount of FICA taxes resulting in an overpayment. This occurs when the taxpayer's total wages are more than the maximum base amount for the year. When this happens, the taxpayer should compute the excess taxes paid, and report the excess on Line 71 of Form 1040 as an additional payment against his or her tax liability. Check My Work 4 more Check My Work uses remaining. Previous Next All work saved. Save and Exit Submit Assignment for Grading O 31 ▼ 2:59