Homework Answers
The withholdings for social security is computed as shown below:
= $ 150,000 x 6.2%
= $ 9,300
The withholdings for medicare is computed as shown below:
= $ 150,000 x 1.45%
= $ 2,175
So the correct answer is option a i.e. $ 9,300 and $ 2,175
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