Calculate the Social Security and Medicare tax that would be applied to an annual salary of $125,000. Use $106,800 for maximum t
axable earnings. a.
Social Security tax: $77,500.00, Medicare tax: $18,125.00
b.
Social Security tax: $7,750.00, Medicare tax: $1,812.50
c.
Social Security tax: $66,216.00, Medicare tax: $18,125.00
d.
Social Security tax: $6,621.60, Medicare tax: $1,812.50
Please select the best answer from the choices provided
since in 1910 t = 0, 174 years later from 1910, is 2084, so in 2084 they'll be 125 exactly, so the next year, 2085, will then be the first year they'd fall under that.