Timothy's Gross Pay for This Month Is $8,950

Timothy's gross pay for this month is $8,950.His gross year-to-date pay,prior to this month,totaled $110,500.What is the amount of FICA tax withheld from Timothy's pay for this month? (Assume an OASDI rate of 6.2%,applicable on the first $117,000 earnings,and a Medicare rate of 1.45%,applicable on all earnings.Do not round any intermediate calculations,and round your final answer to the nearest cent. )

A) $403.00
B) $129.78
C) $532.78
D) $554.90