For each of the following individuals, calculate the applicable self-employment tax. Assume that each individual files tax returns under single status. Remember, the IRS instructs employers to collect additional Medicare tax on all employee earnings more than $200,000 in a single year without regard to filing status. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

Alexander Ryan earns net self-employment income of $120,500. He works a second job from which he receives FICA taxable earnings of $57,900. Self-Employment tax =

Morgan Cruise earns net self-employment income of $228,000. She works a second job from which she receives FICA taxable earnings of $117,200.00. Self-Employment tax =