An employee earned $43,300 working for an employer in the current year. The current rate for FICA Social Security is 6.2% payable on earnings up to $118,500 maximum per year and the rate for FICA Medicare 1.45%. The employer's total FICA payroll tax for this employee is:\

$3,313

Explanation:

Both employees and employers pay FICA taxes in the same proportion. The employer's share of FICA taxes is:

The employee will also pay $3,313 in FICA taxes.

*Taxes are always rounded to the nearest dollar since tax filings are made without cents.

borrow money from the government then pay the government back 5k

the correct answer is:     [c]:     " cyclical unemployment " .