An employee earned $42.800 working for an employer in the current year. The current rate...

50.1K

Verified Solution

Question

Accounting

image

An employee earned $42.800 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128.400 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is Multiple Choice $6,548,40 $3.274 20 $265360 $620.60 . 50. since the RICA 13 is only decretoman's

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students