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Find the Social Security tax for the current pay period. Assume a 62% FICA rate up to a maximum of $115,000. Points: 2 Gross Earnings

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Find the Social Security tax for the current pay period. Assume a 62% FICA rate up to a maximum of $115,000. Points: 2 Gross Earnings This Year: $ 108, 689.72 Current Period Earnings: $4274.91 Find the Social Security tax and Medicare tax on the annual gross income of a self-employed individual. For a self-employed person, the FICA rate is 12.4% and the Medicare rate is 2.9%. Round to the nearest cent if needed. Points: 2 Drew Laughlin, attorney, earned $ 50, 457.16 Find the federal withholding tax for the employee. Use the wage bracket method. MARRIED Persons-WEEKLY Payroll Period Calculate the total amount due to the IRS from the firm. Points: 2 Peter's Landscaping collected $852.81 FICA, $203.05 medicare, and $281.64 federal withholding from employees

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