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Chapter 6 Payroll follow up An employee is paid a salary of $11,050 per month. If the current FICA rate is 6.2% on the first

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Chapter 6 Payroll follow up An employee is paid a salary of $11,050 per month. If the current FICA rate is 6.2% on the first $130,000 of earnings, and the Medicare tax rate is 1.45% of all earnings, how much should be withheld for (a) FICA tax and (b) Medicare tax during the following months? 1. March 2. December

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