Mike Gundy is a college football coach making a base salary of $2,400,000 a year ($200,000 per month).Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a 1.45% Medicare tax with no maximum.Assuming the FICA maximum base amount is $113,700,through what month will Social Security be withheld?

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Mike Gundy's monthly salary is $200,000. The Social Security tax is withheld up to a maximum base amount of $113,700. Since his monthly salary exceeds this base amount, the entire Social Security tax will be withheld in January, reaching the maximum in that month.

Mike Gundy Is a College Football Coach Making a Base