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4:50 PM Thu Feb 4 < fx ACC125-Unit+3+Assignment Home Insert Draw Formulas BIU abe A B 1 Social Security and Medicare Taxes. VPN 54%

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4:50 PM Thu Feb 4 < fx ACC125-Unit+3+Assignment Home Insert Draw Formulas BIU abe A B 1 Social Security and Medicare Taxes. VPN 54% Data Review View A ABC 123 18 DATA - All Single Tax Filers Employee A earned $35,700 for the year (2020). Employee B earned $75,700 for the year (2020). Employee C earned $199,000 for the year (2020). Employee D earned $224,600 for the year (2020). 2 3 4 5 6 7 8 9 10 Problem 1. Social Security Tax 11 Employee A 12 Employee B Problems: 1. Calculate the employee's social security tax for the year. 2.Calculate the employee's medicare tax for the year. 3.Calculate the employer's matching amount for both Social Secu Problem 2. Medicare Tax Employee A Employee B 13 Employee C 14 Employee D 15 16 17 18 19 20 21 22 23 24 Instructions Problem 1-3 Problem 4-5 Sheet1 + Employee C Employee D

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