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What the employee annual fica taxes amount is

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Reference no: EM132927946

Question 1: An employee earned $43,000 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:

Multiple Choice

Option 1: -$2,666.00.
Option 2: -$3,289.50.
Option 3: -$6,579.00.
Option 4: -$5,955.50.
Option 5: -$623.50.

Reference no: EM132927946

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