Exercise 10.4 (Algo) Determining deduction for Medicare tax. LO 10-4 The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of Medicare tax to be withheld from each employee's gross pay for December. Assume a 1.45 percent Medicare tax rate and that all salaries and wages are subject to the tax. (Round your final answers to 2 decimal places.) Year-to-Date Employee December Earnings Medicare Taxable No. Salary Through Earning- Medicare Tax 1.45% November 30 December 1 $ 9,700 $ 99,800 23 9,800 70,800 10,509 122,100 4 9,800 100,800