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Assume that social security taxes are payable at a 6 % rate with a maximum of $ 1 0 0 , 0 0 0 on

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Assume that social security taxes are payable at a 6% rate with a maximum of $100,000 on earnings and Medicare taxes are payable at a 1.5% rate with no maximum earnings, If an employee earns $5,000 for the current week and the employee's year-to-date earnings before this week were $98,000, and the employee requests that $1,000 be withheld for Federal Income Taxes and $300 transferred to his 401k account, What is the employee's net check related to the current week?
a. $4,505
b. $3,505
c. $3,805
d. $3,325
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