Dr$.$ Josef Young earns an adjusted gross weekly income of $$$$2,533.$ How much Social Security tax should be withheld the first week of the$$ year? How much Medicare tax should be$$ withheld? The Social Security tax rate is$6\mathrm{.}2\%$ from earnings to be taxed to a maximum annual wage of$$ $$118,500.$ The Medicare tax rate is$1\mathrm{.}45\%$ from all earnings to a maximum annual wage of$$ $$200,000.$