Prior to the last weekly payroll period of the calendar year, the cumulative earnings of employees A and B are $99,698 and $93,476 respectively. Their earnings for the last completed payroll period of the year are $910 each. The amount of earnings subject to social security tax at 6% is $100,000. All earnings are subject to Medicare tax of 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 on the two salary amounts of $910 each?
Select the correct answer.
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