eBook Show Me How Calculator 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 Amount Medicare Before Current Current Year-to-Date Soc. Sec. Over Max. Subject to Weekly Payroll Gross Pay Earnings Maximum Soc. Sec. Withheld withheld Amount Soc. Sec. Tax Tax Soc. Sec. $ 21,500 $1,600 $128,400 54,600 3,860 128,400 127,000 4,155 128,400 128,100 4,520 128,400 Previous Next Check My Work 20:24 PM