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Tyler Samuels' filing status is qualifying widower, and he has earned gross pay of $830. Each...

Tyler Samuels' filing status is qualifying widower, and he has earned gross pay of $830. Each period he makes a 401(k) contribution of 9% of gross pay and makes a contribution of 1% of gross pay to a flexible spending account. His current year taxable earnings for Social Security tax and Medicare tax, to date, are $199,720. Calculate both the Social Security tax and Medicare tax for the weekly pay period.

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Answer #1

Taxable earnings of Tyler Samuels = $199720

Thus Social security Tax = Nil because it is subject to maximum earnings upto $128700 of wages

And, medicare tax= 1.45% on amount of $830 = $12.035

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