Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $12,700. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $128,035. (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 Social Security taxes Medicare taxes $ 22.63 184.15 $ TABLE 9.1 Percentage method income tax withholding allowances Payroll Period Weekly Biweekly Semimonthly Monthly .. Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 68 $71 Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) Apple www.apple.com TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household) (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 withhold is: withholding allowances) is: to withhold is: Not over $71 SO Not over $222 $0 Over- But not over- of oxcoss ovor-Over- But not over of excess over- $71 $254 $0.00 plus 10% $222 -$588.. $0.00 plus 10% -$222 $254 -$815 $18.30 plus 12 $264 $588 $1,711.. $36.60 plus 12% - $588 $815 $1,658. $85.62 plus 22% $815 $1,711 $3,395 .. $171.36 plus 22% -$1,711 $1,650 -$3,100 $271.08 plus 24% -$1,658 $3,395 -$6,280 .. S541.84 plus 24% 33,395 $3,100 -$3,917 $617.16 plus 32% -$3,100 $6,280 -$7,914 $1,234.24 plus 32% -S6,280 $3,917 -$9,687 $878.60 plus 35% $3,917 $7,914 -$11,761 $1,757. 12 plus 35% -$7,914 $9,687 $2.898.10 plus 37% -59.687 $11.761 $3, 103.57 plus 37% $11,761 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (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 withhold is: withholding allowances) is to withhold is: Not over $142 SO Not over $444 SO Over- But not over- of excess over- over- But not over- of excess over- $142 -$509 $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% -$1,177 $1,631 -$3,315 S171.34 plus 22% -$1.631 $3,421 -$6,790. $342.58 plus 22% $3.421 $3,315 $6,200 $541.82 plus 24% -$3,315 $6,790 -$12,560.. $1,083.76 plus 24% -S6,790 S6.200 -S7.835 $1.234.22 plus 32% -S6.200 $12.560 -$15.829 $2.468.56 plus 32% -$12.560 $7,835 -$19.373 $1,757.42 plus 35% -S7835 $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 (a) 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 withhold is: Not over $142 SO Not over $444 $0 Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509 $0.00 plus 10% -$142 $444 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 $36.70 plus 12% -$509 $1,177 -$3,421 .. $73.30 plus 12% -$1,177 $1,631 -$3,315 $171.34 plus 22% -$1.631 $3,421 - $6,790 $342.58 plus 22% -S3,421 $3,315 -$6,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 $1,083.76 plus 24% -$8,790 S6.200 -S7.835 $1.234.22 plus 32% -S6.200 $12.560 -S15.829 S2.468.56 plus 32% -$12.560 $7,835 -$19.373 $1.757.42 plus 35% -S7835 $15,829 -$23,521 ..S3.514.64 plus 35% -$15.829 $19.373 $5.795.72 plus 37% -$19.373 $23,521 $6.206.84 plus 37% -$23,521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (ncluding head of household) (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 withhold is: withholding allowances) is: to withhold is: Not over $154 $0 Not over $481 SO Over- But not over- of excess over-Over- But not over- of excess over- $154 -$551 SOOO plis 10% -$164 $481 -$1.975 $0.00 plus 10% -$481 $551 -$1,767 $39.70 plus 12% -S551 $1,275 -- $3,706 $79.40 plus 12% -$1,275 $1,767 -$3,592 $185.62 plus 22% -$1.767 $3,706 -$7,356 $371.12 plus 22% -$3,706 $3,592 -$6,717 - $587.12 plus 24% -$3,592 $7,356 -$13,606 $1,174.12 plus 24% -$7,356 $6,717 -$9,488 $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 39% -$17,148 $20,988 $6,278.84 plus 37% $20.988 $25,481 $6,724.11 plus 37% 58,401 TABLE 4MONTHLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income taxe (aftoroubtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $308 ....... SO Not over $063 SO Over- But not over- of excess over-Over- But not over- of excess over- $308 -$1,102 $0.00 plus 10% -$308 $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 $14,713 -$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