Homework Answers
| a. What are Pat's first week's deduction for Social Security and Medicare? | |||
| Deductions | |||
| Social security | 167.40 | ($2,700 x 6.2%) | |
| Medicare | 39.15 | ($2,700 x 1.45%) | |
| b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? | |||
| Social Security | Wages exempt | 21900 | ($2,700 x 52) - $118,500 |
| Medicare | No wages exempt | 0 | |
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