The annual FICA (Federal Insurance Contributions Act) tax is composed of two parts: Social Security and Medicare Taxes. On the employee's side, he/she has to shoulder 6.2% of the annual salary for the Social Security Tax, and 1.45% of the annual salary for the Medicare Tax. So in total, FICA takes 7.65% of your annual salary as tax. To calculate the FICA tax to be paid, this is shown below:
$38,480 x 7.65% = $2943.72
Therefore, for an annual salary of $38,480, $2943.72 goes into FICA tax payment.
Answer:
Expected winnings for one spin = 0.1
Step-by-step explanation:
Expected Value = Sum of [(Probability of X)(Value of X)]
E(X) = Σ [P(X).X]
Two Events : X = +68 , P(X) = 1/38 and X = -2 , P(X) = 37/38
E(X) = [(68) (1/38)] + [(-2)(37/38)]
[(68)(0.03)] + [(-2)(0.97)]
= 2.04 - 1.94
= 0.1
Answer:
72 percent
Step-by-step explanation:
7/25, x 4 to get a fraction of 100
28/100
100 - 28 = 72
72 percent
