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Linda Ramirez is the Chief Financial Officer (CFO) of Fashion Department Store. She earns a monthly salary of $11,400. Prior to the December paycheck, her

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Linda Ramirez is the Chief Financial Officer (CFO) of Fashion Department Store. She earns a monthly salary of $11,400. Prior to the December paycheck, her year-to- date earnings during the past 11 months of the year, are $125,400. Assume that the limit on taxable Social Security earnings is $128,400 per employee. How much of her gross pay for December is taxable for Social Security purposes? Multiple Choice $3,000 $11,400 $0 $7,000

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