Based on the regular and overtime pay, what is the total Social Security tax and Medicare tax you would have expected IntegrateCo to pay as the employer$$s payroll taxes?

Create a formula to calculate these expected tax payments separately for Social Security and Medicare taxes for each individual employee and then use the SUM function to create separate totals for the expected Social Security and Medicare tax payments. Assume $($a$)$ a maximum contribution threshold in $2015$ of $$118,500$ for Social Security tax $(6\mathrm{.}2\%),$ and $($b$)$ all employees file as single taxpayers and that the Medicare tax on wages up to and including $$200,000$ is $1\mathrm{.}45\%$ and $2\mathrm{.}35\%$ above $$200,000.$