The chief executive officer earns $21,800 per month. As of May 31, her gross pay was $109,000. 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 $7000 of an employee's pay. What is the amount of FICA - Medicare withheld from this employee for the month of June?
A. $316.10
B. $1351.60
C. $589.00
D. $7347.00
E. $137.75
Answer: A
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