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Tema [17]
3 years ago
15

Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming th

at the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period? a.$127.50 b.$25.50 c.$102.00 d.$96.00
Business
1 answer:
Phoenix [80]3 years ago
8 0

Answer:

127.50

Explanation:

850x2 employees=1700

1700x.075(7.5%)=127.50

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