Greer Company pays Jamal Perry a salary of $5,800 per week. How much FICA tax must Greer pay with regards to this employee (including both the employee and employer portions)? (Assume a Social Security rate of 6 percent on the first $110,000 of income and a Medicare rate of 1.5 percent on all earnings.) Multiple Choice $435 $870 $0 $696

Greer Company pays Jamal Perry a salary of $5,800 per week. How much FICA tax must Greer pay with regards to this employee (including both the employee and employer portions)? (Assume a Social Security rate of 6 percent on the first $110,000 of income and a Medicare rate of 1.5 percent on all earnings.) Multiple Choice $435 $870 $0 $696