? culating Social Security and Medicare Taxes fume 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 nings. Calculate the Social Security and Medicare taxes for the following situations: equired, round your answers to the nearest cent. Cumul. Pay Amount Medicar Before Current Current Soc. Sec. Over Max. Amount Subject to Soc. Sec. Soc. Sec. Tax Year-to-Date Earnings Tax Weekly Payroll Gross Pay Maximum Soc. Sec. Withheld Withhe $ 23,000 $1,520 $128,400 53,900 4,000 128,400 127,000 3,920 128,400 128,000 4,620 128,400