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Yes, you are correct. Tips that were reported to your employer, and listed in box 7, of your W2, would be included when calculating social security and medicare taxes.
This link is for the employers of tipped employees: IRS Topic 761-Tips Withholding & Reporting
Withholding Taxes: When you receive the tip report from your employee, use it to figure the amount of social security, Medicare and income taxes to withhold for the pay period on both wages and reported tips. You're responsible for paying the employer's portion of the social security and Medicare taxes.Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.