A More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done Net Chk Wages No. Exp. OASDI Med. Pay Cum. Period Earn. Earn. $ 83,000 $ 3,900 111,600 7,400 54,000 2,400 64,500 3,300 0 5,000 $ 313,100 $ 22,000 Cum. Earn. 87,900 19,000 56,400 67,800 5,000 236,100 Income Health United Total Tax Ins. Way With. $ 780 $ 78 $ 45 2,960 148 150 480 48 00 1,320 66 15 2,000 1000 $ 7,540 $ 440 $ 75 805