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rewona [7]
3 years ago
15

Lana Powell has cumulative earnings of $110,000 at the end of September. In the first week in October she earns $2,000. The amou

nt deducted for Social Security and Medicare from her check is (assume Social Security rate of 6.2% on $110,100 and Medicare of 1.45%):
Mathematics
1 answer:
adoni [48]3 years ago
3 0

Answer:

Lana Powell has cumulative earnings of $110,000 at the end of September. In the first week in October she earns $2,000. The amount deducted for Social Security and Medicare from her check is (assume Social Security rate of 6.2% on $110,100 and Medicare of 1.45%):

Step-by-step explanation:

<em>In the first week of October on the $ 2,000, we must deduct the two expenses, that of 6.2% and 1.45%, and then add them between them and subtract them from the $ 2000.</em>

<u><em>It would be the following</em></u>: 2000 x 6.2% = $ 124; 2000 x 1.45% = 29; 124 + 29 = <u>$ 153</u> <u><em>is the amount to be deducted from the $ 2,000</em></u>; $ 2000 - $ 153 = $ 1847.

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Answer:

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Step-by-step explanation:

Step one:

given data

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