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An employer pays one of its unmarried employees wages totaling $300,000. The amount the employer...

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Finance

An employer pays one of its unmarried employees wages totaling $300,000. The amount the employer must withhold from the employee's pay for Medicare taxes, and the amount of the employer's share of Medicare taxes for this employee are:

A. $4,350 and $4,350, respectively.

B. $4,350 and $5,250, respectively.

C. $5,250 and $5,250, respectively. (Marked incorrect on test result)

D. $5,250 and $4,350, respectively.

E. None of the Above.

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