## To calculate the Medicare Tax Payable for both employees and employers, we need to determine the amounts for each.

First, we'll find the employees' Medicare tax payable:

Medicare tax rate: 1.45%

Total gross earnings: $2,462.00

Employees' Medicare Tax Payable = Total gross earnings * Medicare tax rate

= $2,462.00 * 0.0145

= $35.74 (rounded to the nearest cent)

The employees' Medicare Tax Payable is $35.74.

Next, we'll find the employers' Medicare tax payable:

Medicare tax rate: 1.45%

Total gross earnings: $2,462.00

Employers' Medicare Tax Payable = Total gross earnings * Medicare tax rate

= $2,462.00 * 0.0145

= $35.74 (rounded to the nearest cent)

The employers' Medicare Tax Payable is also $35.74.