Karen Cooper,the Founder of SmartIT Staffing,realized That Effectively Managing Payroll

Multiple Choice

Karen Cooper,the founder of SmartIT Staffing,realized that effectively managing payroll was crucial to the success of her business.If an employee of the company earns $50,500 per year,SmartIT Staffing's total FICA payroll tax for this employee is:

A) $3,863.25.
B) $3,131.00.
C) $732.25.
D) $3,535.
E) Zero because the employee has not earned more that the FICA earnings limitation.