PSc 4-4 Calculate FICA Taxes

For each of the following employees, calculate both the Social Security tax and the Medicare tax for the weekly pay period described: NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

1:Christopher Jones' filing status is qualifying widower, and he has earned gross pay of $1,550. Each period he makes a 401(k) contribution of 8% of gross pay and makes a contribution of 4% of gross pay to a flexible spending account. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $249,700. Social Security tax = $ Medicare tax = $

2:Kevin Bird's filing status is single, and he has earned gross pay of $3,250. Each period he makes a 403(b) contribution of 11% of gross pay and makes a contribution of 1.75% of gross pay to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $198,650. Social Security tax = $ Medicare tax = $

3:Daniel Higgs' filing status is married filing jointly, and he has earned gross pay of $3,670. Each period he makes a 401(k) contribution of 12% of gross pay and contributes $200 to a dependent care flexible spending account. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $133,300. Social Security tax = $ Medicare tax = $

4:Bruce Miller's filing status is married filing separately, and he has earned gross pay of $3,200. Each period he makes a 403(b) contribution of 10% of gross pay and contributes $100 to a cafeteria plan. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $127,300. Social Security tax = $ Medicare tax = $