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ch 9 9. Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax. As

ch 9

9. Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax.

As payroll manager for Freeport Enterprises, it is your task to calculate the monthly social security and Medicare withholdings for the following employee. If necessary, round your answer to the nearest cent.

employee Year-to-Date Earnings Current Month Social Security Medicare

Graham, C. $14,600 $1,730 $ $

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