Based on the Social security tax and the Medicare tax, the amounts for the payroll manager are:
- Social security - $145.70
- Medicare - $216.78
<h3>What are the Social security and Medicare taxes?</h3>
The Social Security tax is charged on up to $128,400 and the Payroll manager had a salary of $141,000 so far but only $14,950 this month so the social security tax will be calculated:
= 6.2% x (128,400 - (141,000 - 14,950))
= $145.70
The Medicare tax has no limit:
= 14,950 x 1.45%
= $145.70
Monthly Social security:
= 7,960.80 / 12
= $216.78
Find out more on Medicare tax at brainly.com/question/23706698
#SPJ1
