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An employee earned $44100 during the year working for an employer when the maximum limit for Social Security was $137700. The Federal Insurance Contributions Act

An employee earned $44100 during the year working for an employer when the maximum limit for Social Security was $137700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 62% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145%, The employee's annual Federal Insurance Contributions Act (FICA) taxes amount is: Multiple Choice $6,732.00 $638.00 $6,09400 $3.373.65 52.728.00

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