Question
Item42 Time Remaining 17 minutes 5 seconds00:17:05 eBookItem 42 Time Remaining 17 minutes 5 seconds00:17:05 An employee earned $43,200 during the year working for an
Item42\ Time Remaining 17 minutes 5 seconds00:17:05\ eBookItem 42\ Time Remaining 17 minutes 5 seconds00:17:05\ An employee earned $43,200 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45%. The employee's annual Federal Insurance Contributions Act (FICA) taxes amount is:\ \ Multiple Choice\ \ $6,609.60.\ \ \ $2,678.40.\ \ \ $5,983.20.\ \ \ $626.40.\ \ \ $3,304.80.
Item42\ Time Remaining 17 minutes 5 seconds00:17:05\ eBookItem 42\ Time Remaining 17 minutes 5 seconds00:17:05\ An employee earned $43,200 during the year working for an employer when the maximum limit for Social Security was $137,700. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45%. The employee's annual Federal Insurance Contributions Act (FICA) taxes amount is:\ \ Multiple Choice\ \ $6,609.60.\ \ \ $2,678.40.\ \ \ $5,983.20.\ \ \ $626.40.\ \ \ $3,304.80.
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