Calculate Social Security and Medicare tax for the below$-$listed employees of TCLH Industries, a manufacturer of cleaning products. None of the employees files as married filing separately on their year$-$end tax return. David Alexander makes a $401($k$)$ retirement plan contribution of $12\%$ of gross pay. He is single, claims one withholding allowance for both federal and state taxes, and his weekly gross pay was $$4,050.$ His current year taxable earnings for FICA taxes, prior to the current pay period, are $$198,450.$

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To calculate the Social Security and Medicare taxes for David Alexander we first need to determine h... View the full answer