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Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the first week of the year? How much Medicare
Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? Assume a 4.2% FICA rate and a 1.45% Medicare rate. Round to the nearest cent.
Social Security tax=$1.95, Medicare tax=$0.67
Social Security tax=$20.49, Medicare tax=$7.73
Social Security tax=194.90, Medicare tax=$67.28
Social Security tax=$19.49, Medicare tax=$6.73
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