Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $11,800. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $112,400. (Social Security maximum is 6.2% on $118,500 and Medicare is 1.45%). Calculate FIT by the percentage method. (Use Table 7.1 and Table 7.2) (Round your answers to 2 decimal places.) FIT Social Security taxes Medicare taxes Payroll Period Weekly . Biweekly . Semimonthly Monthly. Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) . . One Withholding Allowance $ 76.90 153.80 166.70 333.30 1,000.00 2,000.00 . 4,000.00 15.40 Percentage Method Tables for Income Tax Withholding (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $44 But not over- TABLE 1-WEEKLY Payroll Period The amount of income tax to withhold is: $0 Over- $44 -$222. $0.00 plus 10% $222 -$764 $17.80 plus 15% $764 -$1,789 $99.10 plus 25% $1,789 -$3,685 $355.35 plus 28% $3,685 -$7,958 $886.23 plus 33% $7,958 $7,990 -$7,990 $2,296.32 plus 35% $2,307.52 plus 39.6% (b) MARRIED person- If the amount of wages (after subtracting withholding allowances) is: Not over $165.. of excess over-Over- But not over- The amount of income tax to withhold is: $0 of excess over- -$44 $165 -$520 $0.00 plus 10% -$165 -$222 $520 -$1,606 $35.50 plus 15% -$520 -$764 $1,606 -$3,073. $198.40 plus 25% -$1,606 -$1,789 $3,073 -$4,597 $565.15 plus 28% -$3,073 -$3,685 $4,597 -$7,958 $8,079 -$8,079. -$9,105 $991.87 plus 33% -$4,597 $2,140.93 plus 35% -$8,079 -$7,990 $9,105 $2,500.03 plus 39.6% -$9,105 (a) SINGLE person (including head of household)- TABLE 2-BIWEEKLY Payroll Period (b) MARRIED person- If the amount of wages (after subtracting withholding allowances) is: Not over $331 .. of excess over-Over- -$88 $331 But not over- -$1,040. The amount of income tax to withhold is: $0 of excess over- Over- $88 $443 $1,529 $3,579 If the amount of wages (after subtracting withholding allowances) is: Not over $88. But not over- -$443 -$1,529 -$3,579.. -$7,369 The amount of income tax to withhold is: $0 $7,369 -$15,915 $0.00 plus 10% $35.50 plus 15% $198.40 plus 25% $710.90 plus 28% $1,772.10 plus 33% $15,915 -$15,981 $4.592.28 plus 35% $15,981 $4.615.38 plus 39.6% -$443 -$1,529 $1,040 $3,212 -$3,212. -$6,146. $0.00 plus 10% $70.90 plus 15% $396.70 plus 25% -$331 -$1,040 -$3,212 -$3,579 $6,146 -$9,194 $1,130.20 plus 28% -$6,146 -$7,369 $9,194 $16,158. $1,983.64 plus 33% -$9,194 -$15,915 $16,158 -$15,981 $18,210 -$18,210. $4,281.76 plus 35% -$16,158 $4,999.96 plus 39.6% -$18,210 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $96 Over- But not over- The amount of income tax to withhold is: $0 -$480.$0.00 plus 10% -$1,656 $38.40 plus 15% $214.80 plus 25% $96 $480 $1,656 $3,877 $3,877 -$7,983 $7,983 -$17,242 $1,919.73 plus 33% $17,242 -$17,313 $17,313 $4.975.20 plus 35% $5,000.05 plus 39.6% $770.05 plus 28% (b) MARRIED person- If the amount of wages (after subtracting withholding allowances) is: Not over $358.. of excess over-Over- But not over- $358 -$96 -$480 $1,127 The amount of income tax to withhold is: $0 of excess over- -$1,127 $0.00 plus 10% -$358 -$3,479 $76.90 plus 15% -$1,127 -$1,656 $3,479 -$6,658. $429.70 plus 25% -$3,479 -$3,877 $6,658 -$9,960 $1,224.45 plus 28% -$6,658 -$7,983 $9,960 -$17,504 $2,149.01 plus 33% -$9,960 -$17,242 $17,504 -$19,727 -$17,313 $19,727 $4,638.53 plus 35% $5,416.58 plus 39.6% -$17,504 -$19,727 (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $192... But not over- -$960 -$3,313 Over- $192 $960 $3,313 $7,754 $15,967 $34,483 -$34,625 $34,625 -$7,754 -$15,967. -$34,483. TABLE 4-MONTHLY Payroll Period The amount of income tax to withhold is: 50 $0.00 plus 10% $76.80 plus 15% $429.75 plus 25% $1,540.00 plus 28% (b) MARRIED person- If the amount of wages (after subtracting withholding allowances) is: Not over $717. of excess over-Over- -$192 But not over- $717 -$2,254 $2,254 $6,958 The amount of income tax to withhold is: $0 of excess over- -$960 -$6,958.. $0.00 plus 10% $153.70 plus 15% -$717 -$2,254 -$3,313 -$13,317 $859.30 plus 25% -$6,958 -$7,754 $13,317 -$19,921 $2,449.05 plus 28% -$13,317 $3,839.64 plus 33% -$15,967 $9,949.92 plus 35% $9,999.62 plus 39.6% $19,921 -$34,483 $35,008 -$34,625 $39,454. -$35,008. $4,298.17 plus 33% -$19,921 $39,454 $9,276.88 plus 35% -$35,008 $10,832.98 plus 39.6% -$39,454