An Employee Earned $138,500 Working for an Employer in the Current

question 90

Multiple Choice

An employee earned $138,500 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% of all earnings.The employer's total FICA payroll tax for this employee is:

• A)$9,894.65.
• B)$10,595.65.
• C)$9,730.80.
• D)$2,008.25.
• E)$0,since the FICA tax is only deducted from an employee's pay.

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Definitions:

Muscle

Tissue in the body composed of fibers capable of contracting to produce movement or maintain the posture of the body.

Meningitis

An inflammation of the protective membranes covering the brain and spinal cord, potentially caused by infection (viral, bacterial, or fungal).

Spinal Cord

The long, thin, tubular structure composed of nervous tissue that extends from the brainstem down the back, enabling communication between the brain and the body.

Bacterial Infection

An ailment caused by harmful bacteria entering the body, leading to symptoms such as fever, inflammation, and in some cases, serious illness.