Question
An employee earned $44,000 during the year working for an employer. The FICA tax for social security is 6.2%, and the FICA tax for Medicare
| An employee earned $44,000 during the year working for an employer. The FICA tax for social security is 6.2%, and the FICA tax for Medicare is 1.45%. The employee's share of FICA taxes is: |
$3,366.00. Zero, since the employee's pay exceeds the FICA limit. $6,732.00. $638.00. $2,728.00.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
