Tim's gross pay for this month is

$ 8 comma 950$8,950.

His gross

yearminustominusdate

pay, prior to this month, totaled

$ 110 comma 500$110,500.

What is the amount of FICA tax withheld from Tim's pay for this month? (Assume an OASDI rate of

6.26.2%,

applicable on the first $118,500 earnings, and a Medicare rate of

1.451.45%,

applicable on all earnings. Do not round any intermediate calculations, and round your final answer to the nearest cent.)

A.

$ 625.78$625.78

B.

$ 129.78$129.78

C.

$ 554.90$554.90

D.

$ 496.00