Steve Is a Full-Time Exempt Employee at a Local Electricity

Multiple Choice

Steve is a full-time exempt employee at a local electricity co-operative. He earns an annual salary of $43,325 and is paid biweekly. What is his Social Security tax deduction for each pay period? (Do not round interim calculations, only round final answer to two decimal points.)

A) $123.95
B) $103.31
C) $98.67
D) $106.34