Employer when the maximum limit for social security

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Reference no: EM131202411

An employee earned $43,600 during the year working for an employer when the maximum limit for Social Security was $117,000. 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: $6,670.80. $6,670.80. $632.20. $3,335.40. $2,703.20.

Reference no: EM131202411

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