Calculate the Social Security and Medicare tax that would be applied to an annual salary of $125,000. Use $106,800 for maximum t
axable earnings. a.
Social Security tax: $77,500.00, Medicare tax: $18,125.00
b.
Social Security tax: $7,750.00, Medicare tax: $1,812.50
c.
Social Security tax: $66,216.00, Medicare tax: $18,125.00
d.
Social Security tax: $6,621.60, Medicare tax: $1,812.50
Please select the best answer from the choices provided
since in 1910 t = 0, 174 years later from 1910, is 2084, so in 2084 they'll be 125 exactly, so the next year, 2085, will then be the first year they'd fall under that.
![\bf 1990-1910=80\leftarrow t \\\\\\ P(t)=8000(2)^{-\frac{t}{29}}\implies P(80)=8000(2)^{-\frac{80}{29}} \\\\\\ P(80)=8000\cdot \cfrac{1}{2^{\frac{80}{29}}}\implies P(80)=\cfrac{8000}{\sqrt[29]{2^{80}}}](https://tex.z-dn.net/?f=%5Cbf%201990-1910%3D80%5Cleftarrow%20t%0A%5C%5C%5C%5C%5C%5C%0AP%28t%29%3D8000%282%29%5E%7B-%5Cfrac%7Bt%7D%7B29%7D%7D%5Cimplies%20P%2880%29%3D8000%282%29%5E%7B-%5Cfrac%7B80%7D%7B29%7D%7D%0A%5C%5C%5C%5C%5C%5C%0AP%2880%29%3D8000%5Ccdot%20%5Ccfrac%7B1%7D%7B2%5E%7B%5Cfrac%7B80%7D%7B29%7D%7D%7D%5Cimplies%20P%2880%29%3D%5Ccfrac%7B8000%7D%7B%5Csqrt%5B29%5D%7B2%5E%7B80%7D%7D%7D)
