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An employee earned $44,100 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for
An employee earned $44,100 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is: Multiple Choice $6,732.00. $6.094.00, $638.00, $3,373.65. $2,728.00
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