Calculate the Social Security and Medicare tax that would be applied to an annual salary of $56,010.

Question

a.
Social Security tax: $347.26, Medicare tax: $81.22
b.
Social Security tax: $3,472.62, Medicare tax: $812.15
c.
Social Security tax: $662.16, Medicare tax: $81.22
d.
Social Security tax: $6,621.60, Medicare tax: $812.15

Answer 1

The correct answer is:
a. Social Security tax: $347.26, Medicare tax: $81.22