figuring out tax deductions

smiller012

New member
Joined
Jan 19, 2011
Messages
2
This is the math problem
Pete Small married 3 deductions Earnings $106,300. Salary $2,300 wkly
it wants to know what Social Security amt is and what medicare amt is


I went this way I dont know if I did this right 46 wks x $2,300 = $106,300
$106,800. - $106,300 = $500.00
$500.00 x .062 = $31.00 social Security
$2,300. x 0.145 = $33.35 Medicare

Can you please help me on this
 
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