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 p
ay for Social Security taxes if the rate is 6.2%? What amount is deducted for Medicare, which is taxed at 1.45%?
2 answers:
Answer:
The deduction for social Security tax is $4976.86 and the deduction for Medicare tax is $1163.94 .
Step-by-step explanation:
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%?
dollars
What amount is deducted for Medicare, which is taxed at 1.45%?
dollars
Social Security $4,976.86 and for Medicare $1,163.94
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