The chief executive officer earns $10,000 per month. As of May 31, her gross pay was $50,000. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137700 earned each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of Federal Insurance Contributions Act (FICA-Sodal Security withheld from this employee for the month of June? Multiple Choice O $7347 O $620 o $1.240 o 5260 5290