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Pat Maninen earns a gross salary of $4,100 each week. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare.

What are Pat’s first week’s deductions for Social Security and Medicare?

Note: Round your answers to the nearest cent.



Will any of Pat’s wages be exempt from Social Security and Medicare for the calendar year?

Note: Leave no cells blank - be certain to enter "0" wherever required.



### Step 1: Calculate Social Security Deduction

The Social Security tax rate is **6.2%** and applies to earnings up to a limit of **$142,800**. Since Pat earns **$4,100** per week, the Social Security deduction for the first week can be calculated as:

\[
\text{Social Security Deduction} = 4,100 \times 0.062 = 254.20
\]

### Step 2: Calculate Medicare Deduction

The Medicare tax rate is **1.45%** and applies to all earnings without a limit. Therefore, Pat’s Medicare deduction for the first week is:

\[
\text{Medicare Deduction} = 4,100 \times 0.0145 = 59.45
\]

### Step 3: Will Any of Pat’s Wages Be Exempt From Social Security and Medicare?

- For **Social Security**, Pat’s earnings for the first week ($4,100) are below the annual limit of **$142,800**, so no wages are exempt at this point in the year.
- For **Medicare**, there is no wage limit, so no wages are exempt from Medicare deductions for the entire year.

### Final Answers:
1. **Social Security Deduction** = **$254.20**
2. **Medicare Deduction** = **$59.45**
3. **Wages Exempt from Social Security** = **0** (for the first week)
4. **Wages Exempt from Medicare** = **0**

---

Do you need any more details or further explanations?

Here are 5 related questions:
1. How does the annual limit on Social Security affect deductions later in the year?
2. What happens when someone's earnings exceed the Social Security limit?
3. How is the Medicare Additional Tax applied for high earners?
4. How are Social Security and Medicare taxes different from federal income tax?
5. Can employers contribute to these deductions on behalf of employees?

**Tip:** Keep an eye on the Social Security limit, as it affects deductions once earnings exceed the cap.

Pat Maninen earns a gross salary of $4,100 each week. Assume a rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. What are Pat’s first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from Social Security and Medicare for the calendar year?

Learn how to calculate Social Security and Medicare deductions for Pat Maninen, who earns a weekly salary of $4,100. This guide covers percentage calculations for Social Security (6.2% on $142,800) and Medicare (1.45%). Explore key concepts related to annual wage limits and tax deductions, suitable for students in Grades 9-12.

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