The FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. An employee's share of both FICA taxes was $4,207.50. Given that this employee did not exceed the FICA earnings limitation, compute gross pay. Multiple Choice $55,000.00 Zero, since the employee's pay did not exceed the FICA limit. O $32,187.38. O O $290,172.41. $67,862.90 Employees earn vacation pay at the rate of one day per month. During July, 21 employees qualify for one vacation day each. Their average daily wage is $240 per day. What is the amount of vacation benefit expense for the month of July? Multiple Choice O $240 O $60,480 O O $2,880 O $21 O O $5,040