eBook 53,600 126,700 127,400 Calculating Social Security and Medicare Taxes Assume a Social Security tax...
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eBook 53,600 126,700 127,400 Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations: If required, round your answers to the nearest cent. Cumul Pay Before Current Weekly Payroll $ 31,700 Current Gross Pay Show Me How $1,760 2,700 3,480 2,860 Year to-Date Earnings 24,140 57,880 131,240 132,300 Soc. Sec. Maximum $128,400 128,400 Print Item 128,400 128,400 Amount Over Max. Soc. Sec. 0 Amount Subject to Soc. Sec. Soc Sec. Tax Withheld Medicare Tax Withheld
Calculating social security and Hedicare Taxes for the following situations
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