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An employee eamed $62,300 during the year working for an employer. The Federal lnsurance Contributions Act (FicA) tik rate for Sociar Secuaity is 6.2% of

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An employee eamed $62,300 during the year working for an employer. The Federal lnsurance Contributions Act (FicA) tik rate for Sociar Secuaity is 6.2% of the fint $137700 of employee eatnings per calendar year, and the Federal insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxers (FUTA) thx rate is 0.6%, and the State Unemployment Toxes (5UTA) sax tate is 5.4%, Both Multiple Choice $101.50 $56.00 $378.00 $434.00 $0.00

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