My associate just threw me under the bus in front of the VP to cover for his mistake. Do I call him out or take one for the team?

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Call it out when it happens. If someone is going to explicitly throw you under the bus it's called standing up for yourself. We succeed and fail as a team, but if someone is going to be petty you need to put a stop to that asap

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If you don’t call him out now he’ll do it again. Pull him aside, tell him never again.

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Call out indirectly to the vp like show them the direction of what happened instead of directly blaming your associate. Explain in such a way that the vp will automatically understand!!

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Depends on where the associate is on the ladder compared to you (no clue where a “manager” fits into a stack to the point that you’re below a VP)

I would call him out

Honestly, I feel you should call him out. Just be professional but yet assertive!

How severe / explicit was it?

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