Question

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:

Answer 1

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