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 1.454 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 AMOT Amount Medicare Tetor Current Year-toDate Over Max Subject to Soc Ser Tax Tax Weakly payroll Withheld Withheld $ 30,000 $1.450 5138,100 53,100 2,810 128,400 125,700 128,400 127.100 2.860 128,400 PREVIOUS Next