An employee earned $43,200 working for an employer in the current year. The current rate for Federal Insurance Contributions Act (FICA) Social Security is 6.2% payable on earnings up to $137,700 maximum per year, and the rate for Federal Insurance Contributions Act (FICA) Medicare 1.45%. The employer's total Federal Insurance Contributions Act (FICA) payroll tax for this employee is: Multiple Choice $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee's pay $2,678.40 $626,40 $3,304.80