Calculate the Social Security and Medicare tax that would be applied to an annual salary of $235,430. Use $106,800 for maximum taxable earnings.
a. Social Security tax: $1,459.67, Medicare tax: $341.37
b. Social Security tax: $14,596.66, Medicare tax: $3,413.70
c. Social Security tax: $662.16, Medicare tax: $341.37
Social Security tax: $6,621.60, Medicare tax: $3,413.70
d.
Please select the best answer from the choices provided