An employee earned $43,100 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $118,500 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:

Zero, since the FICA tax is a deduction from an employee's pay, and not an employer tax.

$2,672.20.

$624.95.

$3,297.15.

$6,594.30.