Calculate the Medicare for the following employee, Joa, whose cumulative earnings up to this pay period are $0 and gross pay for the pay period is $650,000. Round to the nearest penny, do not include the $ sign. Summary of taxes and wage bases Max Max Tax ER Tax EE Federal Tax 2020 Tax Rate and Wage Base Wage ER EE or State Limit Federal 6.2% 0:46.2% $137,700 Social security Medicare SEE BELOW SEE TABLES Federal Income Tax State Income Tax NOT APPLICABLE TO WA STATE $0 0% $7,000 FUTA Federal 0.6% $0 $52,700 SUTA State 10.99% 0% (estimated) Employer Tax Rate Medicare Employee Medicare Wages Employee Tax Rate Wages equal to or less 1.45% than $200,000 Wages greater than 2.35% $200,000 1.45% 1.45%