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An employee earned $43,800 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act

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An employee earned $43,800 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45\%. The employee's annual Federal Insurance Contributions Act (FICA) taxes amount is: $635.10. $3,350.70. $6,066.30 $2,715.60. $6,701,40

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