Answered

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Rodney Whitaker earns $125,208 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
Eax 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.
The Social Security tax is S
for his December earnings.
(Round to the nearest cent as needed.)
The Medicare tax is $ for his December earnings.
(Round to the nearest cent as needed.)

Sagot :

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