An employee earned $43,300 working for an employer in the current year.

An employee earned $43,300 working for an employer in the current year. The current rate for Federal Insurance Contributions Act (FICA) Social Security is 6.2% payable on earnings up to $137,700 maximum per year, and the rate for Federal Insurance Contributions Act (FICA) Medicare 1.45%. The employer’s total Federal Insurance Contributions Act (FICA) payroll tax for this employee is:
a. $10,534.05
b. $7,221.60.
c. $3,312.45.
d. $2,684.60.
e. $0, since the Federal Insurance Contributions Act (FICA) tax is only deducted from an employee’s pay.

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