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3 years ago

12

An employee earned $3,300 working for an employer in the current year. the current rate for fica social security is 6.2% payable

on earnings up to $117,000 maximum per year and the rate for fica medicare 1.45%. the employer's total fica payroll tax for this employee is:

1 answer:

spin [16.1K]3 years ago

7 0

Employer's Total FICA Tax = $3,300 * (0.062 + 0.0145) = $252.45

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