ABC Consulting had two employees with the following earnings information:EmployeeCumulative Earning as of 11/30/2019Gross Earnings for Week Ending 12/15/2019Poppy Smith$6,600 $600 Henry Murphy$119,700 $4,000 Use the table above to calculate the employer payroll income taxes associated with Poppy's December 15 paycheck given the following tax rates: Social Security tax of 6.2% is levied on the first $122,700 of annual wages and the Medicare tax rate is 1.45% on all earnings. State unemployment tax of 5.4% and federal unemployment tax of 0.6% are both levied on only the first $7,000 of each employee's annual earnings.
A. $37.20
B. $81.90
C. $69.90
D. $45.90
Answer: C
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