Instructions: Calculate the Amount of Social Security tax to be withheld from the employee's paychecks. I changed the maximum wages subject to the 6.2% from $127,200 to $ 142,800. YOU DO NOT HAVE TO USE THIS FORMAT. WHATEVER FORMAT YOU USE LABEL AND SHOW CALCULATIONS 1.45% Wages Taxed at 6,2% Wages Taxed at 1.45% 6.20% OASDI Calculation HI Calculation Total FICA Employee A Prior Month YTDI Wages 137,000 2,200 139,200 142,800 -3,600 0 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Sec See Wages 0 Employee B 0 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Soc See Wages 150,000 1,800 151,800 142.800 Employee C 0 O 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Soc See Wages 142.000 1.700 143,700 142,800 900 Employee D 0 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Soc Sec Wages 141,500 2,000 143,500 142,800 700 Employee E 0 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Soc Sec Wages 97,500 4.500 102,000 142,800 40,800 Employee 0 0 Prior YTD Wages Current Wages Cumulative YTD Wages Maximum Soc Sec Wages 139,800 3,500 143,300 142.800 500 Social Security Rates Old-Age, Survivors, and Disability Insurance (YTD maximum wages of) 142,800 6.20% Health Insurance (paid on all wages) 1.45% Total FICA Rate 7.65%