Final answer:
Jane's FICA-Social Security tax is $31 and her FICA-Medicare tax is $7.25 for the week, calculated using rates of 6.2% and 1.45% respectively on her gross pay of $500.
Step-by-step explanation:
To calculate Jane's FICA-Social Security and FICA-Medicare taxes for the week, we need to use the respective rates and consider the wage limit for Social Security tax.
Since Jane's cumulative earnings are $45,000, she is below the Social Security wage limit of $118,500.
Therefore, her Social Security tax for the week on her gross pay of $500 is calculated at a rate of 6.2%, which is half of the total 12.4% (the other half is paid by the employer).
FICA-Social Security tax calculation:
500 x 0.062 = $31
The FICA-Medicare tax rate is 1.45%, with no upper earnings limit. Thus, the tax is:
FICA-Medicare tax calculation:
500 x 0.0145 = $7.25
Therefore, Jane's FICA-Social Security tax for the week is $31, and her FICA-Medicare tax for the week is $7.25.