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An employee earned $43,400 working for an employer in the current yeat. The current rate for Federal Insurance Contributions Act (FICA) Social Security is 6.2%

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An employee earned $43,400 working for an employer in the current yeat. 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 (FCCA) payroll tax for this employee Is: Multiple Choice $3,32010 So, since the Federal insurance Contributions Act (FICA) tax is only deducted from on employee's pay $2.690.80 $629.30 56.64020

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