Compute the Social Security and Medicare for Paul, Alex, and Andrea. The rates are $6\mathrm{.}2\%$ for Social Security and $1\mathrm{.}45\%$ for Medicare. Assume the Social Security limit is $$142,800$ and the employees cumulative YTD earnings prior to this pay are as follows:

Paul $$80,000$

Alex $$142,000$

Andrea $$150,000$

Answer rating: 100% (QA)

Social Security and Medicare taxes for Paul Alex and Andrea based on the provided rates and earnings ... View the full answer