Question: Social Security rate - 6 . 2 % on the first $ 1 4 2 , 8 0 0 of gross earnings Medicare rate -

Social Security rate -6.2% on the first $142,800 of gross earnings
Medicare rate -1.45%
FUTA rate -0.6% on the first $7,000 of gross earnings
Don't forget, you must show ALL work/calculations to receive full credit! Also, be sure to round to two decimal places after EVERY calculation.
Question 3(30 points)
Using the tax form below as guidance, complete lines 1-6 of the 941. All five employees worked the entire quarter. Second quarter earnings, and associated taxes withheld from employee earnings, are as follows:
April Taxes
May Taxes
June Taxes
2nd Quarter Earnings
FWT
$920
$715
$825
$22,105
Social Security
$463.38
$411.05
$496.08
$22,105
Medicare
$108.37
$96.14
$116.01
$22,105
Use this form as guidance only, and enter your answers as numbered lines (1,2,3, etc.)

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