An employee earned $4,300 working for an employer.The current rate for FICA social security is 6.2% and the FICA Medicare rate is 1.45%.The employer's total FICA payroll tax for this employee is:
A)$62.35.
B)$266.60.
C)$328.95.
D)$657.90.
E)Zero,since the FICA tax is a deduction from an employee's pay and not an employer tax.

Question

Quizplus · Accepted Answer

The employer's total FICA payroll tax is 6.2% + 1.45% = 7.65% of the employee's earnings. Therefore, the employer's total FICA payroll tax for this employee is $4,300 * 7.65% = $328.95.

An Employee Earned $4,300 Working for an Employer