In 2005, Roger Thomas owned a small company with 4 employees who had gross annual earnings of $51,400, $37,500, 549,250, and $32,750. How much FICA tax did the company ows on these employees (include both the employee and employer sharo)? Note: FICA tax rate = 7.65% for both.
$25,876.56
$25,995 44
$26,084.39
$26,147.70
None of these choices are correct.