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Business, 30.01.2020 19:02 liyah3756

The chief executive officer earns $20,000 per month. as of may 31, her gross pay was $100,000. the tax rate for social security is 6.2% of the first $118,500 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 employee's pay. what is the amount of fica-social security withheld from this employee for the month of june?

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