Ron Smith has cumulative earnings of $110,100. This week he is paid $2,000. Assuming the Social Security rate is 6.2% on $107,900 and is 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ron's earnings?

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The Answer of Ron Smith has cumulative earnings of $110,100. This week he is paid $2,000. Assuming the Social Security rate is 6.2% on $107,900 and is 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ron's earnings?

Ron Smith Has Cumulative Earnings of $110,100