Calculating FICA Taxes

In this chapter, we learned that FICA mandates that employers deduct taxes from employees' pay each pay period to fund the OASDI and Medicare programs. Calculate the tax amounts for the following individuals:

Employee	Annual Salary Paid Monthly	Employer
Ana	$260,000	Self
Roberto	$100,000	Johnson Manufacturing
Maria	$130,000	Johnson Manufacturing
Jim	$60,000	Self

For OASDI each monthly pay period, the employer and employee pay in total for:

(Round your answers to the nearest hundredths place.)

(a) Ana is

$

(b) Roberto is

$

(c) Maria

$

(d) Jim

$

For Medicare each monthly pay period, the employer and employee pay in total for:

(Round your answers to the nearest hundredths place.)

(a) Ana is

$

(b) Roberto is

$

(c) Maria is

$

(d) Jim is

$

(Please bold or box answers for clarity)