Based on the requirements for FICA and Medicare tax, the amount to be withheld in March for FiCA is $685.10 and for Medicare is $160.23.
The amount to be withheld in December of FICA is $523.90 and for Medicare is $160.23.
How much is to be withheld for FICA?
In March, the amount to be withheld is:
= 11,050 x 6.2%
= $685.10
To find out the amount withheld in December, find out the earnings up to that point:
= 11,050 x 12
= $132,600
FICA can only be withheld on the first $130,000 so the amount of FICA In December is:
= 6.2% x ( 11,050 - (132,600 - 130,000))
= $523.90
What amount will be withheld for Medicare?
The amount will be the same for both March and December as Medicare is for all earnings:
= 11,050 x 1.45%
= $160.23
Find out more on Medicare taxes at https://brainly.com/question/1848671
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