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Anemployee earned $43,000 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social
Anemployee earned $43,000 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: Multiple Choice $623.50 O $2,666.00 $5.055.50 $3.289.50 $6,579.00
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