An employee earned $43,300 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:
Pure FICA payroll tax (assuming there is no FUTA & ESA )
The FICA social security tax and medicare of employer will be 6.2% and 1.45% respectively.
Therefore 43300 X 6.2% = $2684.60 Social Security tax &
43300 X 1.45% = $627.85 medicare
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Total total FICA payroll tax for this employee is $ 3312.45
An employee earned $43,300 working for an employer in the current year. The current rate for...
An employee earned $42,600 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:
An employee earned $42,900 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 $0, since the FICA tax is only deducted from an employee's pay. $2,659.80. $622.05. $6,563.70. $3,281.85.
An employee earned $43,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $128.4 maximum per year and the rate for FICA Medicare 1.45 %. The employer's total FICA payroll tax for this employee is. a) $8950.50 b) $5638.05 c) $3312.45 d) 2684.60 e) $0, since the FICA tax is only deducted from an employee’s pay
TB MC Qu. 09-101 An employee earned... An employee earned $43,700 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 145%. The employer's total FICA payroll tax for this employee is:
which one is correcr? explain please.
An employee earned $44,200 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 Ο $2,74040. Ο Ο S640.90. Ο 56,76260. Ο Ο $3,381 30. Ο ) $0, since the FICA tax is only deducted from an employee's pay
An employee earned $61,500 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must...
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
An employee earned $46,800 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
An employee earned $62,200 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must...
An employee earned $37.000 during the year working for an employer when the maximum limit for Social Security was $118,500. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is. Multiple Choice O $2.204.00 0 $2,830.50 o $1,757.50. To O $8,950.50