3. Shae is the CEO of a company and earns $250,000 per year. The yearto-

date salary for the 19th pay period of the year was $197,916.67. Shae is single, contributes 5 percent of gross pay to 401(k), and has a qualified Section 125 deduction of $75 per semimonthly pay period.

a. For the 20th pay period, what is the Social Security tax liability?

Medicare tax liability?

b. For the 21st pay period, what is the Medicare tax liability?