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As a Senior Executive Assistant, Sam Hughes's year-to-date earnings as of November 30 were $109,800. During the month of December, Sam earned $9000. Assume that
As a Senior Executive Assistant, Sam Hughes's year-to-date earnings as of November 30 were $109,800. During the month of December, Sam earned $9000. Assume that the wage ceiling for Social Security is $128,400, the tax rate for Social Security is 6.2%, there is no wage ceiling for Medicare, and the tax rate for Medicare is 1.45%. For Sam's December wages, calculate the following: 1. Wage amount subject to Social Security tax: 2. Social Security tax deduction: 3. Medicare tax deduction 4. Total deduction for FICA taxes:
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