Question
Calculate the Social Security and Medicare Tax for the following scenarios (please keep in mind for year 2016 as it makes a difference) based on
Calculate the Social Security and Medicare Tax for the following scenarios (please keep in mind for year 2016 as it makes a difference) based on a Weekly Payroll Period and (hint) the instructor states that the total Social Security needs to be $153.75 and Medicare needs to be $138.94 when the totals are added together. Calvin Bell: Gross Pay $417.93 SINGLE current taxable earnings for FICA taxes prior to the current pay period are $20478.57 ? David Alexander: Gross Pay $4050 SINGLE current year taxable earnings for FICA taxes prior to the current pay period are $198,450.00 ? Michael Sierra: Gross Pay $2450 MARRIED current year taxable earnings for FICA taxes prior to the current pay period are $117,600.00 ? Zachary Foz: Gross Pay $1162.00 MARRIED with no prior earnings to the current pay period?
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