Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT) may be incorrect. Larren is paid a salary of $4,400 weekly. She is married, claims 2 deductions, and prior to this payroll check, has total earnings of $128,355. What are the correct deductions for Social Security, Medicare, and FIT? Assume a rate of 6.2% on $128.400 for Social Security and 1.45% for Medicare. (Use Table 91 and Table 9.2). (Round your answers to the nearest cent.) Deductions Social Security taxes Medicare taxes FIT Payroll Period ---- Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 --- 16.00 Percentage Method Tables for Income Tax Withholding (For Wages Pald In 2018) SO TABLE 1-WEEKLY Payroll Period (a) SINGLE person including head of househoid- (b) MARRIED person- If the amount of wagos if the amount o wages (after subtracting The amount of income tax (after subtracting The amount of income tax winciding niawances) to withhold is withholding allowance is to withholdis: Not over $71 SO Not over $222 Ovor But not over- of OXOGO ovor.Over But not over of excess over $71 $254 $0.00 plus 10% -$71 $222 $686 $0.00 plus 10% $222 $254 5815 $18.30 plun 12% 5254 $588 $1,711. $36 60 plus 12% 3503 $815 $1.668 $65.62 plus 22% - S015 51,711 $3.305 $171.56 plus 2296 -81.711 31.050 $3,100 5271.00 plus 24% $1,650 39,395 -60,200 $541.64 plus 24% 30,000 $3,100 $3,9175017.10 plus 32% --53.100 50,200 -$7.914 $1.234.24 plus 3276 50,200 $3,017 -30,687 3070.00 plus 30% -33.917 57,914 -511,701 $1,757 12 plus 389 $7,014 59087 $2.008.10 plus 37% -39087 311,701 S3 103.67 plus 37% $11.761 TABLE 2-BIWEEKLY Payroll Period (6) SINGLE person (including hood of household) (6) MARRIED person If the amount of wages If the amount of wages (alte ubacing The amount of income tax (altor subtracting The amount of income tax withhdding allowance) to withhold withholding allowances) is to withheld is Not over 5142 30 Not Over $444 SO Over But not over of excess over over But not over of excess over- 5142 -$500 $0.00 plus 10% 5142 $444 $1,177 50.00 plus 10% -$444 S609 $1.631 $35.70 plus 12 5509 $1,177 -53,421 573 30 plus 12 -S1,177 $1,831 $3,315 5171.34 plus 229 -$1.631 $3,421 -56.790 S342,58 plus 22 -- $3,421 $3,315 -S5.200 $541.B2 plus 24 -33315 56,790 -$12,560 S1.083.78 plus 24 S8.200 -$5,790 -S7.835 $1 234 22 olus 324 $6 200 $12.560 $15.829 52.468.66 plus 32% $7835 $12.560 -$19.373 $1.757 42 plus 35% -57835 $15.829 $23,521 $19.373 $3.514.64 plus 35% $15.829 $5795.72 plus 37% -S19373 $23.521 $6 206 84 plus 375 $23,521 TABLE 2-BIWEEKLY Povroll Period TABLE 2-BIWEEKLY Payroll Period plus 37% $21.521 () SINGLE person (including head of househoid) - |(b) MARRIED person If the amount of wages If the amount of wages (after subtracting The arount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowance) is: to withhold is Not over $142 30 Not over $444 $0 Over- But not over of excess over- over- But not over of excess over $142 -$509 $0.00 plus 10% -$142 $444 -$1.177 $0.00 plus 10% -- $444 5509 $1,631 536.70 plus 12% -$509 $1,177 -$3,421 S73 30 plus 12% -S1,177 $1,631 -$3,315 $171.34 plus 22% -$1.631 $3.421 -$6,790 $342.58 plus 22% $3.421 $3,315 -$8.200 $541.82 plus 24% -53315 $8,790 -$12,560 $1,083.76 plus 24% -$8,790 $8200 57.835 $1234 22 plus 32% --S6200 $12560 --$15.829 52.468.56 plus 32% $12,560 $7,835 -$19.373 $1.757.42 plus 35% -$7.835$15.829 -$23.521 $3,514.64 plus 35% -$15.829 $19.373 $5.795.72 plus 37% $19373 $23521 S6.206.84 plus 37% $23,521 TABLE 3-SEMINONTHLY Payroll Period (*) SINGLE person (ncluding head of household) (b) MARRIED person If the amount ol wages If the amount of wages (after subtracting The amount of income tax Cafer subtracting windding allowances) is: The amount of income tax to withholds: withholding allowances) is to withhold is Not Over $154 SO Not Over $481 SO Over But not over of excess over-Over But not over of excess over SIRA son plin in $154 SARI -$1.976 SO 104 $481 $551 $1,767 $39.70 plus 12% -5551 $1,275 $3,706 $70 40 plus 12 $1,275 $1,767 -$3.502 $185.62 plus 229 -51.767 $3,706 -57.556 $371. 12 plus 224 -$3.705 $3,502 $5,717 5587.12 plus 24% -$3.592 $7,356 $13,606 $1,174.12 plus 20% -$7.358 56,717 $9.489 $1,337.12 plus 32 --56717 $13,600 517,148 $9.674.12 plus 32 -513,600 $8.489 520,988 $1.003 84 plus 36 58.488 $17.148 $96,481 $3,507.66 plus 396 $17,140 $20,000 56 270,84 plus 37 $20 000 $26.481 $6.72.1 plus 3716 COC, 401 TABLE 4 MONTHLY Payroll Period () SINGLE perton Including hand of household - (6) MARRIED person W the amount of wagos If the amount of wages (otor subtracting The amount of income to (after oubtracting The amount of income tax withnolding sillowance is to withhold is with sing allowances) to withholdis Not over $308 50 Not over 5063 SO Over But not over- of ONCOSS over Over- but not over of excess over S33 -$1,102 000 plus 10% 300 3903 -32,850 30.00 plus to -3000 31.102 -83,333 879.40 plus 12 --51,102 32.550 -37,413 3138.70 plus 12 -32,550 33,533 -S7185 337 1.12 plus 22 -53,533 $7,413 -514,713 742.20 plus 22% -57,413 $7,183 --$13,433 $1.174 12 plus 24 -57.183 $14.713 -327.213 $2.348.20 plus 20% -514,713 $13,433 -$10,075 52.674 12 plus 32 -$13233 $27.213 -$34.290 55.348.20 plus 32 327.213 $16,175 -$41.875 53807 56 plus 35% $16.975 834290 -350.800 57.61462 DS3 334.290 $41.975 $12.557.56 pus 37% -$41.975 556.953 $13.448.27 plus -350.300