Compute employee FICA taxes for the year on earnings of $114,000 at 6.2% on a limit of $128,400 for OASDI and 1.45% for Medicare. (Round your answer to the nearest whole dollar.)
A) $7,068
B) $8,721
C) $1,653
D) $87,210

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The Answer of Compute employee FICA taxes for the year on earnings of $114,000 at 6.2% on a limit of $128,400 for OASDI and 1.45% for Medicare. (Round your answer to the nearest whole dollar.)
A) $7,068
B) $8,721
C) $1,653
D) $87,210

Compute Employee FICA Taxes for the Year on Earnings of $114,000