An Employee Earned $43,300 Working for an Employer in the Current

question 38

Multiple Choice

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 $127,200 maximum per year and the rate for FICA Medicare 1.45%.The employer's total FICA payroll tax for this employee is:

• A)$8,950.50.
• B)$5,638.05.
• C)$3,312.45.
• D)$2,684.60.
• E)$0,since the FICA tax is only deducted from an employee's pay.

---

Definitions:

Moral Reasoning

The process of determining right from wrong in a given situation based on ethics and moral principles.

Formal Reasoning

The process of following logical steps to reach a conclusion, often used in mathematics and logic.

Agents Of Socialization

are individuals, groups, or institutions that play a significant role in integrating people into society by teaching social norms, values, and skills.

Interaction With Pets

The reciprocal actions or influence between humans and animals that are kept for companionship or pleasure.