K Thomas Carey, single, has cumulative earnings before this biweekly pay period of $127,600. If he is paid $1,950 this period, what will his deductions be for FIT and FICA (Social Security and Medicare)? The FICA Social Security tax rate is 6.2% on $142,800 and Medicare is 1.45% on all earnings. (Round to the nearest cent as needed, X.XX.) View the biweekly payroll period percentage method withholding chart. 71