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An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is: Multiple Choice $2,294.00 $536.50 $2.830.50 $1757.50 O
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