What will bethe employer''s total fica tax


Prior to the last weekly payroll period of the calendar year, the cumuative earnings of employees A and B are $99,350 and $91,000 respectively. Their earnings for hte last completed payroll period of the year are &850 each. The amount of earnings subject to social sercurity tax at 6% is $100,000. All earnings are subject to medicare tax of 1.5%. Assuming that the payrolll will be paid on December 29, what will bethe employer's total FICA tax for this payroll period on the two salary amounts of $850 each?

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Accounting Basics: What will bethe employer''s total fica tax
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