The chief executive officer earns $21,900 per month. As of May 31, her gross pay was $109,500. 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 5.4%. Both unemployment taxes are applied to the first $7,000 of an employees pay. What is the amount of FICA - Medicare withheld from this employee for the month of June?

Multiple Choice

• $8,044.97

• $678.90

• $1,357.80

• $293.73

• $317.55