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Ulanda U. Lucky is an air traffic controller who is paid $14,000 per month. Use the FICA rate is 6.2% on the first $127,200 of

  1. Ulanda U. Lucky is an air traffic controller who is paid $14,000 per month. Use the FICA rate is 6.2% on the first $127,200 of earnings and the Medicare tax rate is 1.45% on all earnings.

  1. How much FICA tax should be withheld from Ms. Luckys paycheck for the month of March?

________________________

  1. How much Medicare tax should be withheld from Ms. Luckys paycheck for the month of March?

________________________

  1. How much FICA tax should be withheld from Ms. Luckys paycheck for the month of October?

________________________

  1. How much Medicare tax should be withheld from Ms. Luckys paycheck for the month of October?

________________________

For Questions 12 13, find the FICA and Medicare tax for each of the following self-employed people. Assume that none of them has earned over $127,200 for the year. Use a FICA rate of 12.4% and a Medicare rate of 2.9%.

  1. Lois Steem is a self-employed assertiveness training coach. Her adjusted income is $19,500 for the first quarter.

  1. FICA tax ________________________

  1. Medicare tax ________________________

  1. The employees of the Hadley-Newham Funeral Home paid a total of $678.15 in Social Security tax, $158.60 in Medicare, and $21858 in federal withholding. Find the total amount the company should send the IRS.

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