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
Fittoniya [83]
3 years ago
10

Marcus earned $54,000 last year when the Social Security tax was 6.2% of income up to $94,200. His Medicare tax was 1.45%. How m

uch did he pay in Social Security and Medicare taxes last year?
Mathematics
2 answers:
tester [92]3 years ago
8 0

Given =

Marcus earned $54,000 last year. social s ecurity tax was 6.2% and medicare tax was 1.45%

Find out  he pay in Social Security and Medicare taxes last year.

To proof

Marcus earned last year = $ 54000

Social Security tax = 6.2%

Medicare tax = 1.45%

First find out the  social security tax

6.2 % written in the simpler form = \frac{6.2}{100}

                                                       = 0.062

Social Security tax last year = .062×54000

                                              = $ 3348

find out Medicare taxes

1.45% Medicare tax written in the simpler form = \frac{1.45}{100}

                                                                             = 0.0145

Medicare taxes last year = 0.0145 × 54000

                                        = $743

Total tax  last year  = $743 + $3348

                                = $ 4131

Hence proved

                       

                         

AysviL [449]3 years ago
6 0

Answer

Social security tax amount = $3348

Medicare tax amount = $743

Step by step explanation

The amount earned by Marcus = $54000

Social security tax = 6.2% = 6.2/100 = 0.062

Social security tax amount = 54000*0.062

Social security tax amount = $3348

Medicare tax = 1.45% = 1.45/100 = 0.0145

Medicare tax amount = 54000*0.0145

Medicare tax amount = $743

Hope this will help you.

You might be interested in
Find the rate of change from 1 minute to 2 minutes
monitta
Answer is 200 ft.per minut

6 0
3 years ago
Josh travels frequently. For a particular airline, it takes 20 minutes for the first bag to arrive in baggage claim after a flig
Orlov [11]

Using the uniform distribution, it is found that:

A,B) 0.3 of the time does it take longer than 27 minutes for Josh’s bag to arrive in baggage claim.

C) 20% of the time does Josh’s bag arrive in less than 22 minutes.

--------------------------

An uniform distribution has two bounds, a and b.  

The probability of finding a value of at lower than x is:

P(X < x) = \frac{x - a}{b - a}

The probability of finding a value between c and d is:

P(c \leq X \leq d) = \frac{d - c}{b - a}

The probability of finding a value above x is:

P(X > x) = \frac{b - x}{b - a}

--------------------------

  • In the graph, we have that the distribution is uniform between 20 and 30 minutes, thus a = 20, b = 30

--------------------------

Itens a and b:

  • Above 27 minutes, thus:

P(X > 27) = \frac{30 - 27}{30 - 20} = 0.3

0.3 of the time does it take longer than 27 minutes for Josh’s bag to arrive in baggage claim.

--------------------------

Item c:

  • Less than 22 minutes, thus:

P(X < 2) = \frac{22 - 20}{30 - 20} = 0.2

0.2*100 = 20%

20% of the time does Josh’s bag arrive in less than 22 minutes.

A similar problem is given at brainly.com/question/15855314

6 0
3 years ago
Two more than four times a number is the same as 6 more than twice the number find the number ​
Yuki888 [10]

Answer:

The number is 2. :)

Step-by-step explanation:

4x + 2 = 2x + 6

    -2            -2

4x = 2x + 4

-2x   -2x

2x = 4

/2    /2

x = 2  

7 0
3 years ago
At the end of the summer, Caitlin had saved $120 from her summer job. This was her initial deposit into a new savings account at
Vera_Pavlovna [14]
<span>Let x = represent the number of weeks of deposits
A = 120 + 5x the account balance after x weeks
The account balance is directly proportional to the number of weeks of deposits if:
A/x = constant
(120 + 5x)/x = 120/x + 5 is not a constant
For example:
After 1 week there will be: 120 + 1*5 = $125 on the account
After 2 week there will be: 120 + 2*5 = $130 on the account
After 3 week there will be: 120 + 3*5 = $135 on the account
But 125/1 <> 130/2 <> 135/3
The account balance is not proportional to the number of weeks of deposits.</span>
8 0
3 years ago
A high school spends approximately $9,000 hosting a football games (e.G. The hourly pay for staff, the electricity, water usage,
Yanka [14]

Answer:

<u>$4800</u>

Step-by-step explanation:

The expected net income is the probability when rains multiplied by net income (profit) summed with the probability of not raining with that days net income multiplied.

First, Chance of rain = 12% = 12/100 = 0.12

Profit/Loss = Income - Cost

Income is 5000

Cost = 9000

So,

Loss = 5000 - 9000 = 4000

Or, Net Income (profit) = - 4000

Now, Change of not raining = 100 - 12 = 88% = 88/100 = 0.88

Profit = Income - Cost

Income = 15,000

Cost = 9000

Net Income (profit) = 15000 - 9000 = 6000

So, we can write the expected net income as:

<u>Expected NI </u>= (0.12)(-4000) + (0.88)(6000) = <u>$4800</u>

8 0
3 years ago
Other questions:
  • △ABC∼△PQR
    5·2 answers
  • Which is the best reason why 1 3/10 + 2 5/10 is not equal to 5?
    15·2 answers
  • Jika f(x) = 8x p dan f(p) = -54,nilai p
    8·1 answer
  • Sanju a polygon with 9 sides how many vertices does a polygon have
    9·1 answer
  • The figure below is a net for a triangular prism. Side a = 22 feet, side b = 14 feet, side c = 13 feet, side d = 13 feet, and si
    15·1 answer
  • Twelve buses bring a total of 420 people to The Alhambra in Gramada,
    12·1 answer
  • I need help please Math.
    10·1 answer
  • 17.
    15·2 answers
  • I need help on number 8​
    13·1 answer
  • Write the slope intercept form of the equation of each line
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!