An employee earned $43,000 during the year working for an employer when the maximum limit for Social Security was $127,200. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
A. $2666.00.
B. $3289.50.
C. $2042.50.
D. $623.50.
E. $5955.50.
Answer: B
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