Michael Miller Is Paid Twice a Month and Had Total

Multiple Choice

Michael Miller is paid twice a month and had total gross earnings as of 10/15 of $116,800. His gross earnings for the period ending 10/31 were $6,000. If social security taxes are 6.2% on a maximum earnings of $122,700 per year and Medicare tax is 1.45% on all earnings, how much social security tax will be paid by Michael and how much will be paid by his employer for the period ending 10/31?

A) Michael will pay $105.40 and his employer is not required to pay any social security tax.
B) Michael will pay $365.80 and his employer will also pay $365.80.
C) Michael will pay $372.00 and his employer will also pay $372.00.
D) Michael will pay $372.00 and his employer will pay $105.40.