Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of$12,600. He is single and claims 1 deduction. Before his payroll,

Barrett’s cumulative earnings were $128, 030. (Social Security maximum is 6.2% on. $128,400 and Medicare is 1.45%) Calculate FIT by the percentage method. (Use Table 9.1 and Table 9.2) (Round your answers to 2 decimal places).

FIT:

 
 

Payroll Period One Withholding Allowance $ 79.80 159.66 Weekly Biweekly Semimonthly 172.90 345.80 Monthly. Quarterly Semiannually 1,037.50 2,075.00 4,150.00 Annually Daily or miscellaneous (each day of the payroll period) 16.00