Multiple Choice
Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period?
A) $102.00
B) $127.50
C) $96.00
D) $25.50
Correct Answer:
Verified
Correct Answer:
Verified
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