2018 FICA Rates: Social Security: 6.2% on the first $128,400 of annual wages

Medicare1.45% on all wages (no limit)

Bob Jones works for an engineering company. Bob earns $2,400 a week during 2015 and has prior year-to-date earnings of $127,000. Using 2018 rates, find Bob's FICA taxes. Social Security = Medicare = Henrietta Smith works for a landscaping company. Her biweekly gross pay is $1,600. She is married and claims 2 exemptions. Find her federal income tax using the percentage method. FIT =