An employee earns $52,000 annually. What is the employer's FICA tax obligation for this employee in 2024?
Correct Answer
A) $3,978
Employer FICA = 7.65% of wages. $52,000 × 0.0765 = $3,978. The employer pays the same amount as the employee for FICA taxes.
Why This Is the Correct Answer
Employer FICA = 7.65% of wages. $52,000 × 0.0765 = $3,978. The employer pays the same amount as the employee for FICA taxes.
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