1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VikaD [51]
3 years ago
6

Renae Walters is paid a salary of $9,000 per month.

Mathematics
1 answer:
beks73 [17]3 years ago
7 0

Answer:

The amount for social security for all 3 months will $558 and the contribution for medicare will be $130.5

Step-by-step explanation:

Given that the salary is paid in US dollars, we can assume that Renae Walters falls under the social security and medicare tax rates for the United States. These rates, as of 2020, fall at 6.2% for social security and 1.45% for medicare.

By formula:

-Social security contribution= Social security tax rate * Income earned

January for example Social Security= 0.062* $9000= $558                      

-Medicare contribution= Medicare tax rate * Income earned

  January for example Medicare = 0.0145* $9000= $130.5

The above method will apply through the months without changes.

Remember: The social security wage base for 2020 is fixed at $137,700. Any income above this amount is not subject to social security tax. This implies that if the total yearly income is above $137,700, the individual is only liable to pay for the amount below. In this case, this is not possible as the yearly income reaches $108,000 and hence payment has to be made for all 12 months. There is no wage base for medicare, so payments remain unaffected.

You might be interested in
Solve the equation 7h-5(3h-9)=-72
STALIN [3.7K]
H=14 is your answer.

3 0
3 years ago
Read 2 more answers
Identify the zeros of the graphed function.
Sever21 [200]

Answer:

A I think this is it

Step-by-step explanation:

Hope this helps :) :)

6 0
2 years ago
Read 2 more answers
Need help on this pg
Ivenika [448]
AGB and DGE are acute angles so DGE= 30°. EGF is 100° (50+30+100 {in that order}) (idk the rest
5 0
3 years ago
I make 2.5kg of popcorn and eat 750g of it while 750g of it while watching a movie . How much popcorn do i have left?
elena-14-01-66 [18.8K]

Answer:

1,75 kg

Explanation:

1 kg = 1000 g

2.5 kg = 2.5 × 1000 g = 2500 g

2500 g - 750 g = 1750 g

1750 g = 1750 ÷ 1000 kg = 1.75 kg

5 0
3 years ago
WILL GIVE BRAIINLIEST ANSWER Tomas is at least 7 years older than Larry. If Tomas is 16 years old, how old is Larry?
ra1l [238]
Larry - ( 9 years old )
8 0
3 years ago
Other questions:
  • Solve for x<br><br><br> x = _____
    14·1 answer
  • Giving out BRAINLIEST, THANKS, 5 STARS, and POINTS if answered correctly!<br> PLS HELP ASAP!
    14·1 answer
  • 6x - 15 = 3 (2x-6) + 3
    5·1 answer
  • You eat at several Asian restaurants and decide that Asian food is salty. What type of reasoning is this?
    9·1 answer
  • Who the f*vck is elmo .......
    6·2 answers
  • Round 824.0472 to the nearest hundredth.
    14·1 answer
  • - 7th Grade Work -<br><br> Please help, and answer only if you have an answer for this problem.
    9·2 answers
  • 4(x + 2) - 1/2x = 22 solve the equation
    15·1 answer
  • In the diagram below, BC−→− bisects ∠FBE
    7·1 answer
  • Can anyone help me pls ( I'll give brainliest)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!