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9966 [12]
1 year ago
11

Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.

Mathematics
1 answer:
maksim [4K]1 year ago
3 0

Based on the social security tax rate and the Medicare tax, the monthly Social security is $109.12 and the Medicare tax is $25.52.

<h3>What is monthly social security act?</h3>

Graham, C. has not reached the $128,400 threshold for social security so the Social Security tax withholding for the month will be:

= Monthly salary x Social security rate

= 1,760 x 6.2%

= $109.12

The Medicare has no limit and so will be:

= 1,760 x 1.45%

= $25.52

Find out more on Social Security and Medicare at brainly.com/question/27677508.

#SPJ1

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