An employee earned $43,000 during the year working for an employer. The FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%. The employee's share of FICA taxes is:

$623.50.

$3,289.50.

$2,666.00.

Zero, since the employee's pay exceeds the FICA limit.

$3,913.00.