Question

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%):

Answer 1

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:

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.

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