An Employee Earned $155,000 Working for an Employer in the Current

Multiple Choice

An employee earned $155,000 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 employee's total FICA payroll tax is:

A) $11,857.50.
B) $9,730.80.
C) $10,133.90.
D) $2,247.50.
E) $0,since the FICA tax is paid entirely by the employer.