Ask Question
17 June, 14:49

1. What is the amount of social security tax for a gross pay amount of $944?

A. $15.23

B. $58.53

C. $152.26

D. $585.26

2. What is the amount of Medicare tax for a gross pay amount of $944?

A. $13.69

B. $65.10

C. $136.88

D. $145.00

+3
Answers (1)
  1. 17 June, 15:08
    0
    1. The social security pay for year 2017 is 6.2% each for the employee and the company, making it 12.4% in total. To solve, we simply multiply the decimal equivalent of 12.4% to $944.

    (0.124) ($944) = $117.0566

    The employee should pay only 6.2%. So, the answer is letter B.

    2. The Medicare tax is 1.45%

    (0.0145) ($944) = $13.688

    The answer is letter A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1. What is the amount of social security tax for a gross pay amount of $944? A. $15.23 B. $58.53 C. $152.26 D. $585.26 2. What is the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers