. An employee earned $44,200 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128.400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is: (2 ota24 Multiple Choice 56.76260. $0, since the FICA tax is only deducted from an employee's pay, 5138130. 52.740 40, 39. - A corporation issued 270 shares of its $5 par value common stock in payment of a $3.500 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: 2 on4mm Multiple Choice A $3.500 credit to Common Stock. A $3.500 debt to Legal Expenses. A $3,500 credit to Cosh. A $2.350 credit to Paid in Capital in Excess of Par Value, Common Stock ) A $1,350 debt to Organization Expenses 40 An employee earned $43.800 during the year working for an employer when the maximum limit for Social Security was $128.400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 145%. The employee's annual FICA taxes amount is: 2 anasa