Final answer:
The total amount of "continuing" Medicare tax the individual would have to pay is $4,396.
Step-by-step explanation:
First, we need to calculate the amount of FICA tax the individual would pay on the limit of $102,000. The FICA tax rate for individuals is 1.4%, so the tax amount would be $102,000 * 1.4% = $1,428.
Next, we need to calculate the amount of FICA tax the individual would pay on the remaining earnings. The FICA tax rate for individuals is still 1.4%, so the tax amount would be ($314,000 - $102,000) * 1.4% = $2,968.
Therefore, the total amount of "continuing" Medicare tax the individual would have to pay is $1,428 + $2,968 = $4,396.