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The chief executive officer earns $20,100 per month. As of May 31, her gross pay was $100,500 The tax rate for Social Security is 6.2%

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The chief executive officer earns $20,100 per month. As of May 31, her gross pay was $100,500 The tax rate for Social Security is 6.2% of the first $128.400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 54% Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of FICA - Medicare withheld from this employee for the month of June? Multiple Choice $291.45 $62310 O $623.10 O $7,383.74 (0) O $1,246.20 O $269.59

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