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Rodney Whitaker earns $124, 992 annually and is paid monthly. How much Social Security tax will be deducted from his December earnings? How much Medicare

Rodney Whitaker earns $124, 992 annually and is paid monthly. How much Social Security tax will be deducted from his December earnings? How much Medicare tax will be deducted from his December earnings? The Social Security tax rate was 6.2% of wages up to a maximum annual wage of $118,500. The Medicare tax rate was 1.45% of wages up to a maximum annual wage of $200,000.

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