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An employee earned $46,200 during the year working for an employer when the maximum limit for Social Security was $117,000. The FICA tax rate for

An employee earned $46,200 during the year working for an employer when the maximum limit for Social Security was $117,000. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:

A.) $7,068.60.

B.) $7,068.60.

C.) $3,534.30.

D.) $669.90.

E.) $2,864.40.

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