Andrew, an employee of Super Retailer, Inc., has gross salary for March of $5,500. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. The total amount of employee FICA tax is $841.50. (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%.)

True or False?