The chief executive officer earns $29,300 per month. As of May 31, her gross pay was $109,500. The tax rate for Social Security is 6.2% of the first $127,200 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 4.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of FICA-Social Security withheld from this employee for the month of June? Multiple Choice $1,097.40 O $1,351.60 $1,258.60 $7,34700 Multiple Choice $1,097.40 $1,351.60 $1,258.60 O $7,347.00 O $401.60