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An employee earned $47,000 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 $47,000 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: (Points: 6) $681.50. $2,914.00. $3,595.50. $7,191.00. Zero, since the employee's pay exceeds the FICA limit. 6. The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned $8,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? (Points: 6) $322.00. $434.00. $480.60. $551.80. Zero, since the employee's wages exceed the maximum of $7,000
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