1. If you earn $60,000 in 2017, how much in total will be paid into the Social Security system? _________________
2. Assume you earn $140,000 in 2017.
a. How much will YOU pay for the traditional Social Security tax? ________________
b. How much will you pay for the Medicare tax? _________________
c. How much will your employer pay in total on behalf of this income for both parts of the Social Security tax? _______________
d. How much in TOTAL is paid into the entire Social Security system on behalf of this income? ________________