An employee earned $43,500 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 $2,697.00 $6,655,50 $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee's pay. $630.75 $3.327.75