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I'm unsure of how to answer this question. Please help. Saved Help Save & Exit An employee earned $42,600 working for an employer in the
I'm unsure of how to answer this question. Please help.
Saved Help Save & Exit An employee earned $42,600 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $118,500 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is: Multiple Choice $3,258.90 $2.641.20. Zero, since the FICA tax is a deduction from an employee's pay, and not an employer tax. $6,517.80 $617.70 Step by Step Solution
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