Asked by Dena

What will be the total deduction for social security and Medicare taxes on Juanita's next weekly paycheck of $720 if she has already earned $10,800 this year? Social Security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages.
Answered by Steve
Looks like it will be 7.35% of $720
Answered by Dena
What will be the total deduction for social security and medicare taxes on Juanita's next weekly paycheck of $720 if she has already earned $10,800 this year? Social Security tax is 6.2% of wages up to $106,800. Medicare tax is 1.45% of all wages.
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