2023

PSB 4.4 Calculate FICA Taxes For each of the following employees, calculate both the Social Security tax and the Medicare tax for the mh pay period described: 1. Tyler Samuels' filing status is qualifying widower, and he has earned gross pay of 5830 . Each periodhes a 401(k) contribution of 9% of gross pay and makes a contribution of 1% of gross pay to a flexible spence account. His current year taxable earnings for Social Secariy tax and Meross pay of $1,240. Bach period he thakes a sy. 2. Jacob Finney's filing status is single, and he has earned gross pay of $1,240. Bach pross pay to a cafeteria plan. 4 has contribution of 8% of gross pay and makes a contribution of 0.8% dicare tax, to date, are $132,100