Youngsong Martin,the founder of Wildflower Linen,realized that effectively managing payroll was crucial to the success of her business.If an employee of the company earns $50,500 per year,Wildflower Linen'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
Correct Answer:
Verified
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