Davis and Thompson have earnings of $907 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period? Oo$136.05 D. $27.21 Oe. 54.00 Od: 1107.00 The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 13,900.00 Social security and Medicare taxes withheld 1,042.50 Income taxes withheld 319.00 Retirement savings 502.00 The entry to record the payment of net pay would include a Oa. debit to Salaries Payable for $13,900.00 Ob. credit to Salaries Expense for $12,036.50 Oc. credit to Salaries Payable for $12,036.50 Od. debit to Salaries Payable for $12,036.50