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wages is 200000. how to calculate social security wages and should we put claim child credit...

wages is 200000. how to calculate social security wages and should we put claim child credit ($2000/each) on w2 2018?
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The social security wage is used to calculate FICA taxes, which includes social security tax (OASDI) and Medicare tax (HI), In 2018, the social security tax is 6.2% and the social security wage limit is $128400. In 2018, the medicare tax is 1.45% and there is no wage limit. however, an additional 0.9% of medicare tax is applied if wages exceed $200000. Therefore, on $200000, the social security tax is $7960.80 (128400*6.2%) and Medicare tax is $2900 (200000*1.45%). In this way, FICA taxes = $10860.80 (7960.80+2900). Yes, the child credit ($2000/each) on w2 can claimed in 2018.

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