Pat Maninen earns a gross salary of $4,500 each week. Assume a rate of 6.2%...
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Accounting
Pat Maninen earns a gross salary of $4,500 each week. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. a. What are Pat's first week's deductions for Social Security and Medicare? (Round your answers to the nearest cent.) Social security Medicare Deductions $ 27,900.00 $ 6,525.00 b. Will any of Pat's wages be exempt from Social Security and Medicare for the calendar year? (Leave no cells blank - be certain to enter "0" wherever required.) 115.500 Social security Medicare Non exempt
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