Angela Anderson is employed as a Tax Manager by Super Cell Phone Service, Inc. She earns $135,000 per year in this role, supervising a department of five Tax Accountants.

Question

Calculate the Medicare taxes that will be withheld from Angela’s annual salary assuming a tax rate of 1.45%.

Calculate the Social Security taxes that will withheld this year for Angela assuming a tax rate of 6.2% and a taxable maximum salary of $110,100.