Question: Social Security rate - 6 . 2 % on the first $ 1 4 2 , 8 0 0 of gross earnings Medicare rate -
Social Security rate on the first $ of gross earnings
Medicare rate
FUTA rate on the first $ of gross earnings
Don't forget, you must show ALL workcalculations to receive full credit! Also, be sure to round to two decimal places after EVERY calculation.
Question points
Bruce Miller's filing status is single, and he earned gross pay of $ Each period he makes a b retirement contribution of of gross pay and contributes $ to a cafeteria plan. His current year taxable earnings for Social Security tax & Medicare tax, to date, are $ Calculate his Social Security and Medicare taxable earnings AND his Social Security and Medicare taxes for the weekly pay period described.
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