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Matty Kim an accountant for vernitron, earned $111,000 from January to June. In July, Matty earned $20,000. Assume a tax rate of 6.2% for social security on $118,500 and 1.45% on Medicare. How much are
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Matty Kim an accountant for vernitron, earned $111,000 from January to June. In July, Matty earned $20,000. Assume a tax rate of 6.2% for social security on $118,500 and 1.45% on Medicare. How much are the July taxes for Social Security and Medicare?

User A New Chicken
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$1240.00 SS 290.00 medicare
User Stevenvh
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