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Mark Dailey's filing status is married filing jointly, and he has earned gross pay of $3,550. Each period he makes a 403(b) contribution of 7% of gross pay and contributes $170 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $331,800. Kurt Blain's filing status is single, and he has earned gross pay of $1,750. Each period he makes a 401(k) contribution of 11% of gross pay and contributes 6% of gross pay to a dependent care flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $199,040 Adam Webster's filing status is head of household, and he has earned gross pay of $820. Each period he contributes $30 to a flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $81,900. Adam Webster's filing status is head of household, and he has earned gross pay of $820. Each period he contributes $30 to a flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $81,900. Keith Davidson's filing status is married filing separately, and he has earned gross pay of $2,160. Each period he makes a 403(b) contribution of 11% of gross pay and contributes $115 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $198,500 For each of the following employees, calculate the Medicare tax for the weekly pay period described:

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M92046909

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