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An employee earned $43,700 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up
An employee earned $43,700 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: Multiple Choice $6,686.10. $3.343.05 Zero, since the FICA tax is a deduction from an employee's pay, and not an employer tax O $633.65 $2.709.40
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