Solve the problem. Assume no employee earned over $110,000. Use a FICA rate of 6.2%, a Medicare rate of 1.45%, and a FUTA rate of 6.0% of the first $7000 in earnings.Kristol's Brewery has an employee payroll of $24,927.98. How much FICA and medicare tax should be sent to the IRS?

A. $1906.99
B. $3813.98
C. $3539.77
D. $3739.20


Answer: B

Mathematics

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