For each employee frot calculate gross pay. Then determine taxable income used to calculate federal income tax werholding, Socist Secunity tax, and Medicare tax. NOTE: For smplety, all caloviations throughout this exetcise, both intermedabe and final, should be rounded to two decimal places at each calculation 1. An employee works 47 hours (4T - 40 were overlime hours) during a workwenk in December of 2021 . He eams 539 hour, with his employer paying 15 tmes the regular rate of pay for overfme hours. To dale, he has eamed $140,950 during the wear He has requested that his emptoyer wethold 6% of gross pay, which is to be conthbuted bo a 40100 ptan. Taxable income for federal income tax wathholding =1 Taxable income for social secunty tax =$ Taxable income for medicare tax =s 2. An employee wons 39 regular hours during a workwek in August of 2021 . He was bred six years ago, eams a salary of $116,500 year, and is exempt from the overtime be contributed to a 403(b) plan. Tixatie income for tederal incorre lax witholding ws Taxable incone for socid secunty tax x s Tavade income for medicare tax =1 contribued to a AO10) plin. Taxable nceme for social securby tar 1 Taxable income for medicase axx=5