Module: TaxCalculator::FICA

Defined in:
lib/tax_calculator/fica.rb

Constant Summary collapse

SOCIAL_SECURITY_RATE =

2021

6.2
SOCIAL_SECURITY_CUTOFF = 
285_600.00
MEDICARE_RATE = 
1.45

Class Method Summary collapse

Class Method Details

.taxes_for(income) ⇒ Object 



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# File 'lib/tax_calculator/fica.rb', line 10

def self.taxes_for(income)
  if income >= SOCIAL_SECURITY_CUTOFF
    owed = ((SOCIAL_SECURITY_CUTOFF * SOCIAL_SECURITY_RATE / 100) + (income * MEDICARE_RATE / 100))
  elsif owed = ((income * SOCIAL_SECURITY_RATE / 100) + (income * MEDICARE_RATE / 100))
  end
  owed
end