Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $12,000. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $128,000. (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) (Do not round intermediate calculations. Round your answers to the nearest cent.) FIT Social Security taxes Medicare taxes $71 (For Wages Paid in 2018) TABLE 1WEEKLY Payroll Period (a) SINGLE person (ncluding head of househoid) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is to withholds: withholding allowances) is: to withholdis: Not over $71 SO Not over $222 SO Over But not over of Oxcess ovorovor But not over ol excess over- $254 $0.00 plus 10% $71 $222 $588 .. $0.00 plus 10% - $222 $254 -$815 $18.30 plus 12% -$254 $588 -$1,711 $36 60 plus 12% -$580 $815 -$1,658 $85.62 plus 22% $815 $1,711 -$3,395 .. $171.36 plus 22% --$1,711 $1,658 -$3,100 $271.08 plus 24% -$1.658 $3,395 -56,280 .. $541.84 plus 24% 33,000 $3,100 -$3,917 S617.18 plus 32% -$3100 36,280 -$7.914 $1.234.24 plus 32% $6,200 $3,917 -$9,687 $878.60 plus 35% -$3.9171 $7,914 -$11.761 $1,757. 12 plus 35% -$7,914 $9,687 $2898.10 plus 37% -59.687 $11,761 $3,103.57 plus 37% -$11,761 TABLE 2-BIWEEKLY Payroll Period (6) SINGLE person (including head of household) (6) MARRIED person- if the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withholdis Not over $142 SO Not over $444 SO Over But not over- of excess over Over- But not over- of excess over- $142 -$500 $0.00 plus 10% -5142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 $1,631 536.70 plus 12% -5509 $1,177 ---$3,421 .. $73.30 plus 12% -$1,177 $1,631 -$3,315 $171.34 plus 22% -$1.631 $3,421 -56,790 .. $342.58 plus 22% -$3,421 $3,315 -$8,200 $541.82 plus 24% -$3.315 $6,790 -$12,560 $1,083.76 plus 24% -S8.790 $6.200 -57.835 $1 234 22 plus 32% -S6200 S12.560 -$15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19,373 $1.757 42 plus 35% -57835 $15.829 - $23.521 $3.514.64 plus 35% -$15.829 $19.373 $5.795.72 plus 37% $19.373 $23,521 $6.206.84 plus 37% $23,521 TABLE 2-BIWEEKLY Payroll Period (2) SINGLE person (including head of household (b) MARRIED person- if the amount of wages If the amount of wages (alter subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is. to withholds: withholding allowances) is to withholdis. Not over $142 30 Nol over 3444 SO Over- But not over- of excess over- Over- But not over of excess over- $142 -$509 .. $0.00 plus 10% -5142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 $36.70 plus 12% -$509 $1,177 -$3,421 S7330 plus 12% -$1,177 $1,631 -$3,315 $171.31 plus 22% -$1.631 $3,421 -S6,790 .. $342.58 plus 22% -$3,421 $3,315 -$8,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 $1,083.76 plus 24% -$8,790 S6.200 -S7.835 51 234 22 olus 32% -S6.200 S12.560 -S15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19.373 $1.757.42 plus 35% -S7 835 $15.829 -$23.521 .. $3,514.64 plus 35% -$15.829 $19,373 $5795.72 plus 37% -$19373 $23.521 $6.206.84 plus 37% -$23.521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (ncluding head of household (D) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withholdis Not over $154 SO Not over $481... SO Over But not over- of excess over-Over- But not over- of excess over $154 -$551 Soon plus 10% -$1.975 son plus 106 -$481 $551 -$1,767 $39.70 plus 12% --$551 $1,275 -$3,706 $79 40 plus 12% -$1,275 $1,767 -$3,592 $185.62 plus 229 -$1.767 $3,706 -$7.356 $371.12 plus 22% $3,706 $3,592 -$8,717 $587.12 plus 24% --$3,592 $7,356 - $13,606 .. $1,174.12 plus 20% -$7,356 $6,717 -$8,488 $1,337 12 plus 32% -S6.717 $13,606 -$17.148 $2,674.12 plus 32% -$13,608 $8,488 $20,988 $1,903.84 plus 35% -$8.488 $17,148 $25,481 $3,807.56 plus 35% -$17,148 $20,988 $6278.84 plus 37% $20.988 $25,481 $6.724.11 plus 37% -S85,401 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (ncluding head of household (b) MARRIED person- If the amount of wagos If the amount of wagos (after subtracting The amount of income tax (aftoroubtracting The amount of income tax withholding allowances) is to withholdis: withholding allowances) is: to withholdis: Not over $308 ..... SO Nol over $063 SO Over- But not over- of excess over-Over- But not over of excess over- $308 -$1,102 $0.00 plus 10% --$300 $963 -$2,550 .. $0.00 plus 10% -$963 $1,102 - $3,533 $79.40 plus 12% -$1.102 $2,550 -$7,413 $158.70 plus 12% -$2,550 $3,533 -$7,183 $371.12 plus 22% -$3.533 $7,413 ---$14,713 .. $742.26 plus 22% -$7,413 $7,183 -$13,433 $1.174.12 plus 24% -$7.183 $14713 -$27.213 .. $2,348.26 plus 24% -$14.713 $13,433 -$16,975 $2,674.12 plus 32% -$13,433 $27,213 -$34,296 .. $5,348.26 plus 32% -$27,213 $16,975 -$41,975. $3,807,56 plus 35% -$16.975 $34,296 -$50.963. $7,614.82 plus 35% -$34,296 $41,975 $12,557.56 plus 37% -$41,975 $50,963 $13,448.27 plus 37% -$50,963 -$150 SAR1 Payroll Period Weekly Biweekly Semimonthly Monthly ... Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance S 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00