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Contributions Act (FICA) tax for social security is 6.2% of the first $137,700 of employee earnings each calendar yeat ard he Federai insumncin Contributions Act

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Contributions Act (FICA) tax for social security is 6.2% of the first $137,700 of employee earnings each calendar yeat ard he Federai insumncin Contributions Act (FICA) tax rate for Medicare is 1.45% of all eamings. The Federal Unemployment Taxes (FUAA) tax rate or 0ess med the Site Unemployment Taxes (SUTA) tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of fectal incare anr mitheit fan oy earnings was $1,391.77. Her net pay for the month .s: (Round your intermediate calculations to two decimal places) Multiple Choice $6,298.54 $7,245.71 $6,354.54 $6,476.17 55.920 .54

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