The current rate for fica social security

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Reference no: EM13915329

An employee earned $3,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $117,000 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:

a Zero, since the FICA tax is a deduction from an employee's pay, and not an employer tax.

b $252.45.

c $47.85.

d $204.60.

e $504.90.

Reference no: EM13915329

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