Dr. Josef Young earns an adjusted gross weekly income of $2,531 How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? The Social Security tax is 4.2% from earnings to be taxed. The Medicare tax is 1.45% from all earnings. The Social Security tax is $

(Round to the nearest cent as needed.) The Medicare tax is $

(Round to the nearest cent as needed.)