Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations; If required, round your answers to the nearest cent Cumul. Pay Before Current Amount Weekly Payroll Current Gross Pay Year-to-Date Earnings Soc. Sec. Maximum Over Max. Soc. Sec. Amount Subject to Soc. Sec. Meu care Soc. Sec. Tax Withheld Tax Withheld $22,800 $1,520 $128,400 54,400 4,280 128,400 127,100 4,130 128,400 127,900 4,600 128,400