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. Round your answers to the nearest cent.)

Employee	Cumulative earnings before this pay period	Pay amount this period	Social Security	Medicare
Sanders	$409,300	$7,700	$	$