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ddd [48]
3 years ago
12

For each of the following wages, determine the Medicare tax that would be withheld. i. $23,660 ii. $89,000 iii. $166,090 a. i. $

343.07 ii. $1,290.50 iii. $2,408.31 b. i. $3,430.70 ii. $12,905.00 iii. $24,083.05 c. i. $146.70 ii. $551.80 iii. $1,029.76 d. i. $1,466.92 ii. $5,518.00 iii. $10,297.58
Mathematics
2 answers:
sweet [91]3 years ago
7 0

the answer is A Bois

valina [46]3 years ago
4 0

Answer:

Option a. would be correct i. $343.07, ii. $1,290.50, iii $2,408.31

Step-by-step explanation:

To determine the Medicare tax that would be withheld from the following wages, we calculate each wages

Medicare Tax = 1.45%

1). $23,660 :-

= 1.45% of 23,660 = \frac{1.45}{100}× 23,660

= 0.0145 × 23,660 = $343.07

2). $89,000 :-

= 1.45% of 89,000 = \frac{1.45}{100} × 89,000

= 0.0145 × 89,000 = $1,290.50

3). $166,090 :-

= 1.45% of 166,090 = \frac{1.45}{100} × 166,090

= 0.0145 × 166,090 = 2,408.305 rounded to $2,408.31

Option a. would be correct i. $343.07, ii. $1,290.50, iii $2,408.31

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