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The chief executive officer earns $21,500 per month. As of May 31, her gross pay was $107,500. The tax rate for Social Security is 6.2%

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The chief executive officer earns $21,500 per month. As of May 31, her gross pay was $107,500. The 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 145% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 06%, 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) - Medicare withheld from this employee for the month of June? Multiple Choice $66650 $7,89803 $28837 $31175 $1,33300

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