The chief executive officer earns $10,160 per month. As of May 31, her gross pay was $50,800. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 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 & Federal Insurance Contributions Act (FICA)-Social Security withheld from this employee for the month of June? Multiple Choice $7,464.55 $272.29 $294.64 $629.92 $1,259.84 < Prev 5 of 20 Next >