Assume That Social Security Taxes Are Payable at a 6

Multiple Choice

Assume that social security taxes are payable at a 6% rate and Medicare taxes are payable at a 1.5% rate with no maximum earnings,and that federal and state unemployment compensation taxes total 4.6% on the first $7,000 of earnings.If an employee earns $2,500 for the current week and the employee's year-to-date earnings before this week were $6,800,what is the total employer payroll taxes related to the current week?

A) $187.50
B) $196.70
C) $344.50
D) $9.20