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Assume that social security taxes are payable at a 6% rate and Medicare taxes are...

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Accounting

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Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5% rate with no maximum earnings, and that federal and state unemployment compensation taxes total 6.2% on the first $7,000 of earnings. If an employee earns $2,500 for the current week and the employee's year-to-date earnings before this week were $6,800, what is the total employer payroll taxes related to the current week? Oa. $342.50 Ob. $199.90 Oc. $12.40 Od. $187.50

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