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The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of
The monthly salaries for December and the year-to-date earnings of the employees of Bush Consulting Company as of November 30 follow. Determine the amount of Medicare tax to be withheld from each employee's gross pay for December. Assume a 145 percent Medicare tax rate and that all salaries and wages are subject to the tax. {Round your final answers to 2 decimal places.) Employee No. December Earning Medicare Tax 1.45% $ 8.000 8.100 .809 8,100 Year-to-Date Medicare E arnings Taxable Through November 30 December $ 98.100 69.100 123.700 99 100 3 8 4
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