Bob works for Seymour Engines, which pays employees on a semi-monthly basis. Bobs annual salary is $120,000. Calculate the following: (Round ''Employer Share Medicare Tax'' to the nearest cent.) Calculate the following for pay dates November 15th and December 31st: Prior YTD earnings, Social Security taxable wages, Medicare taxable wages, and employers share of social security and medicare taxes. Tax rates are 6.2% for Social Security and 1.45% for Medicare.

Calculate the following for pay dates November 15th and December 31st: Prior YTD earnings, Social Security taxable wages, Medicare taxable wages, and employers share of social security and medicare taxes. Tax rates are 6.2% for Social Security and 1.45% for Medicare.