14) Calculate the total amount of FICA withholding for an employee whose pay is $2,400 for the first pay period of the year. The tax rate for FICA-Social Security is 62% of the first $118,500 of employee eanings per calendar year and the tax rate for FICA-Medicare is 1.45% of all earnings. 40 6.27 15.8 51 13 7, 31 ,113.25 00,43.5 24oo 18.25 8.8 532.9S 15) On September 15,Skateworld borrowed $70,000 cash from Mutual Bank by signing a 6%, 60-day note payable