Michael Miltet is pakd twice a month and had total gross earnings as of 10/15 of \$121800. His gross eamings for the period ending 10/31 were 55,800 . If social security taxes are 6.2% on a maximum eamings threshold of $132,900 per year and Medicare tax is 1.45% on all earnings, how much Medicare tax will be paid by Michael and how much will be paid by his employer for the period ending 10/31 ? Muingle Chouce Michael wil pey 58410 and the emiployer wil dho psy $8410 Michaei wil pey 584 to and his employer is not ieaured to pay any socal secunty tac Michae wil poy 517 and his enpioyer weld alto por 5171 Michee wa bey 517 n oed his arapleyer will poy 58490