Marika Perez’s gross biweekly pay is $2,768. Her earnings to date for the year total $80,272. What amount is deducted from her pay for Social Security taxes if the rate is 6.2%? What amount is deducted for Medicare, which is taxed at 1.45%?
multiply the two %s by 100 then subtract them from 80272 then divide by 100 i hope im right
Answer:
$171.62 for social security.
$40.14 for medicare.
Step by step explanation:
We have been given that Marika Perez’s gross biweekly pay is $2,768.
To find the amount deducted from her pay for social security tax, we will find 6.2% of her biweekly pay.
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Therefore, $171.62 is deducted from Marika's biweekly pay.
Now let us find 1.45% of $2768 to find the amount of medicare deducted from her pay.
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Therefore, an amount of $40.14 is deducted from Marika's biweekly pay for medicare.