Mid Term CH 8 Esc Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations: If required, round your answers to the nearest cent. Cumul. Pay Before Current Weekly Payroll $ 21,000 53,000 126,000 4 87 F Sunny 127,200 Fr Current Gross Pay $1,320 + 4,220 4,010 4,580 F3 Year-to-Date Earnings $ E C F5 Soc. Sec. Maximum $128,400 128,400 128,400 Q Search F6 128,400 F7 Amount Over Max. Soc. Sec. F8 L.P F9 Amount Subject to Soc. Sec. $ 09 THE N F10 Soc. Sec. Tax Withheld OLU - $ F11 + F12 Medicare Tax Withheld PrtSc Insert Previous Delete Next 11 9:04 A 7/9/202

Calculatine Secial Security and Medicare Taves Assure a Social Security tax rate of 6.2% is applied to maximum earnings of $128,400 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Soclal Security and Medicare taves for the foligwing situations