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Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6 . 2 % is applied to maximum earnings of $ 1
Calculating Social Security and Medicare Taxes
Assume a Social Security tax rate of is applied to maximum earnings of $ and a Medicare tax rate of 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.
tabletableCumul PayBefore CurrentWeekly PayrolltableCurrentGross PaytableYeartoDateEarningstableSoc Sec.MaximumtableAmountOver Max.Soc Sec.tableAmountSubject toSoc Sec.tableSoc Sec. TaxWithheldtableMedicareTaxWithheld$$$
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