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eBook $ 22,500 54,800 126,300 Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of

eBook $ 22,500 54,800 126,300 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 1.45% 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. Cumul. Pay Before Current Weekly Payroll 127,500 Current Gross Pay Show Me How $1,760 4,480 4,045 4,640 Year to Date Earnings Soc. Sec. Maximum Print Item $128,400 128,400 128,400 128,400 Amount Over Max. Soc. Sec. Amount Subject to Soc. Sec. Soc. Sec. Tax Withheld Medicare Tax Withheld
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