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In 2010 the social security contribution rate was 7.65 percent. The social security (FICA) portion is 6.20 percent, and the Medicare portion is 1.45 percent. The maximum wages on which FICA taxes are charged is $106,800; there is no earnings limit for Medicare deductions. As of March 31, 2010, the payroll register for Dr. Flowers' office shows that employees have earned $400,000. To date, no employee has exceeded the maximum on which FICA taxes are charged. What will be the total amount the office must remit for FICA tax for the employer's portion?

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In 2010 the social security contribution rate was 7.65 percent. The social security (FICA) portion is 6.20 percent, and the Medicare portion is 1.45 percent. The maximum wages on which FICA taxes are charged is $106,800; there is no earnings limit for Medicare deductions. As of March 31, 2010, the payroll register for Dr. Flowers' office shows that employees have earned $400,000. To date, no employee has exceeded the maximum on which FICA taxes are charged. What will be the total amount the office must remit for FICA tax for the employer's portion?






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