Business, 25.01.2021 17:10 emokitten

For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and Medicare tax rate of 1.45% on all earnings to solve the following problems.
1.) Richard has a gross monthly income of $3,400. His earnings to date for this year are
$54,000. How much is deducted this month for Social Security? How much for Medicare?

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For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and Medicare...

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