Question: Under current law, a taxpayer with a salary of $110,000 for 2009 would pay only 7.65% on the first $106,500. The same would be said for the employer. However, also under current law, any amount in excess of the $106,500 wage base and earned income amount for 2009 would be subject to the 1.45% Medicare contribution by both employer and employee, for a total of 2.9%. In addition to the $16,294.50 from the above table, separately compute the amounts that the employee and employer would have to pay for Medicare, assuming a salary level of $110,000 for the 2009 calendar and tax year. Show your calculations.