
Answer: b. Social Security tax: $3,472.62, Medicare tax: $812.15
Explanation:
Current tax rate for social security = 6.2%
Current tax rate for Medicare = 1.45%
Annual salary = $56010
Social security= 6.2% Ă— $56010
= 0.062 Ă— $56010
= $3472.62
Medicare = 1.45% Ă— $56010
= 0.0145 Ă— $56010
= $812.15