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An Employee Earned $43,300 Working for an Employer in the Current

Question 103

Multiple Choice

An employee earned $43,300 working for an employer in the current year.The current rate for FICA Social Security is 6.2% payable on earnings up to $127,200 maximum per year and the rate for FICA Medicare 1.45%.The employer's total FICA payroll tax for this employee is:


A) $8,950.50.
B) $5,638.05.
C) $3,312.45.
D) $2,684.60.
E) $0,since the FICA tax is only deducted from an employee's pay.

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