Social Security And Medicare Taxes Worksheet 1 - Math Worksheets ... - Free Printable

Let’s solve each question step by step. We’ll use the rules given at the top:

- Social Security tax = 6.2% of earnings, but only up to $106,800 total for the year.
- Medicare tax = 1.45% of all earnings (no limit).

We’ll calculate each person’s taxes for the month asked, checking if they’ve already hit the Social Security cap.

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Question 1: Randy Bumpers

- Monthly pay: $3,600.00
- Already earned this year: $94,400.00
- Question: What is his Social Security and Medicare withholding for January?

→ Since it’s January, he hasn’t exceeded the $106,800 cap yet. His current earnings ($94,400) + this month’s pay ($3,600) = $98,000 — still under the cap.

So we apply both taxes to the full $3,600.

Social Security:
6.2% of $3,600 = 0.062 × 3600 = $223.20

Medicare:
1.45% of $3,600 = 0.0145 × 3600 = $52.20

✔ Answer for Q1:
Social Security: $223.20
Medicare: $52.20

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Question 2: Bill Hinkson

- Monthly pay: $7,000.00
- Already earned this year: $99,000.00
- Question: Withholding for June?

First, check if he hits the cap in June.

Total after June’s pay: $99,000 + $7,000 = $106,000 → Still under $106,800? Yes! So full amount taxed for SS.

Wait — let’s double-check: The cap is $106,800. He has $99,000 so far. Adding $7,000 gives $106,000 — which is less than $106,800. So yes, entire $7,000 is subject to Social Security tax.

Social Security:
6.2% of $7,000 = 0.062 × 7000 = $434.00

Medicare:
1.45% of $7,000 = 0.0145 × 7000 = $101.50

✔ Answer for Q2:
Social Security: $434.00
Medicare: $101.50

*(Note: If next month he earns more, part might be over the cap — but not this month.)*

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Question 3: Carl Hansen

- Monthly pay: $8,600.00
- Already earned this year: $104,000.00
- Question: Withholding for April?

Check total after April: $104,000 + $8,600 = $112,600 → That’s OVER the $106,800 cap.

So only part of his April pay is subject to Social Security tax.

Amount that can still be taxed for SS:
Cap - already earned = $106,800 - $104,000 = $2,800

So Social Security tax applies only to $2,800 of his $8,600 paycheck.

Social Security:
6.2% of $2,800 = 0.062 × 2800 = $173.60

Medicare: Always on full amount → 1.45% of $8,600
= 0.0145 × 8600 = $124.70

✔ Answer for Q3:
Social Security: $173.60
Medicare: $124.70

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Question 4: Luisa Gomes

- Monthly pay: $2,500.00
- Already earned this year: $22,000.00
- Question: Withholding for September?

Total after September: $22,000 + $2,500 = $24,500 → Way below $106,800 cap.

So full $2,500 is taxed for both.

Social Security:
6.2% of $2,500 = 0.062 × 2500 = $155.00

Medicare:
1.45% of $2,500 = 0.0145 × 2500 = $36.25

✔ Answer for Q4:
Social Security: $155.00
Medicare: $36.25

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Question 5: Patty Ellis

- Monthly pay: $4,000.00
- Already earned this year: $45,000.00
- Question: Withholding for February?

Total after February: $45,000 + $4,000 = $49,000 → Well under cap.

Full $4,000 taxed for both.

Social Security:
6.2% of $4,000 = 0.062 × 4000 = $248.00

Medicare:
1.45% of $4,000 = 0.0145 × 4000 = $58.00

✔ Answer for Q5:
Social Security: $248.00
Medicare: $58.00

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Final Answer:

1. Social Security: $223.20; Medicare: $52.20
2. Social Security: $434.00; Medicare: $101.50
3. Social Security: $173.60; Medicare: $124.70
4. Social Security: $155.00; Medicare: $36.25
5. Social Security: $248.00; Medicare: $58.00