Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $118,500 and a Medicare tax rate of 1.45% 15 applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations: If an amount box does not require an entry, leave it blank If required, round your answers to the nearest cent. Cumul. Pay Before current Weekly Payroll Current Gross Pay Year-to-date Earnings Soc Sec Maximum Amount aver Max Soc. Sec. Amount Subject to Soc. Sec Soc. Sec. Tax Withheld Medicare Tax withheld $22,800 $1,660 $116,500 54,900 118,500 4,160 3,995 115,000 118,500 117 700 4,620 118,500