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 intermediate calculations.Round your final answer to 2 decimal places. )

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