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An employee earned $46,600 during the year working for an employer when the maximum limit for Social Security was $137700. The Federal Insurance Contributions Act

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An employee earned $46,600 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 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: Muitiple Choice 52.88920 57,12980 13.56490 $67570 $6,45410

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