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Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for

Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare): (Leave no cells blank - be certain to enter "0" wherever required.)

Employee Cumulative earnings before this pay period Pay amount this period Social Security Medicare
Cleaves $400,000 $6,000 $ $

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