Calculate the monthly social security and Medicare withholding for the employee, rounding to nearest cent (Social security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages): Employee $\quad $ $\quad $ $\quad $ $\quad $Year to Date Earnings $\quad $ Current Month $\quad $ Social Security $\quad $Medicare
Alwine, T. $\quad $ $\quad $$\quad $$\quad $$\quad $$\$ 123,000.00 \quad\quad\quad\quad \$ 16,500.00$

Question

Calculate the monthly social security and Medicare withholding for the employee, rounding to nearest cent (Social security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages): Employee  $\quad $ $\quad $ $\quad $ $\quad $Year to Date Earnings $\quad $ Current Month $\quad $ Social Security  $\quad $Medicare  
Alwine, T. $\quad $ $\quad $$\quad $$\quad $$\quad $$\$ 123,000.00 \quad\quad\quad\quad \$ 16,500.00$

Quizplus · Accepted Answer

The Answer of Calculate the monthly social security and Medicare withholding for the employee, rounding to nearest cent (Social security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages): Employee  $\quad $ $\quad $ $\quad $ $\quad $Year to Date Earnings $\quad $ Current Month $\quad $ Social Security  $\quad $Medicare  
Alwine, T. $\quad $ $\quad $$\quad $$\quad $$\quad $$\$ 123,000.00 \quad\quad\quad\quad \$ 16,500.00$

Calculate the Monthly Social Security and Medicare Withholding for the Employee