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Firlakuza [10]
3 years ago
12

John is a High School principal. He earns $62,299.92 a year and is paid on a semimonthly basis. How much is deducted per pay per

iod for Social Security? How much for Medicare?
Mathematics
1 answer:
LenKa [72]3 years ago
8 0

Answer alongwith Step-by-step explanation:

<u>1. Social Security</u>

Here Gross income = $62,300

Step 1 Find semiannual income

Semimonthly gross income = $62,300 / 24 = $2595.83

Step 2 Find the social security liability using social security rate and annual income

Social security rate is 6.2%

Social Security Liability = 6.2% x $2595.83 = $160.94 semimonthly payments

Step 3 Find the social security liability using social security rate and annual income

Deduction amount for Social security on monthly basis = $160.94 *2 =

$321.88 per month

<u>2. Medicare</u>

Here Gross income = $62,300

Step 1 Find semiannual income

Semiannual Gross income = $62,300 / 24 = $2595.83

Step 2 Find the social security liability using Medicare rate and annual income

Medicare rate is 1.45%

Medicare Liability = 1.45% x $2595.83 = $37.64 semimonthly payments

Step 3 Find the social security liability using Medicare rate and annual income

Deduction amount for Social security on monthly basis = $160.94 *2

= $75.28 per month

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3 0
3 years ago
What is the value of x in the inequality
GalinKa [24]

<u>Answer & Step-by-step explanation:</u>

<u>Question 18 </u>

Isolate the variable by dividing each side by factors that don't contain the variable.

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Interval Notation: (−∞ , −10]

<u>Question 19</u>

Isolate the variable by dividing each side by factors that don't contain the variable.

Inequality Form: x ≤ 4

Interval Notation: (−∞ , 4]

8 0
3 years ago
Can anyone help with this asap? tysm
olga2289 [7]

Answer:

hope this helps

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5 0
3 years ago
5x+2(1-x)=2(2x-1)<br> x=6<br> O x=-3<br> O x = 3<br> O<br> x = 9
Katena32 [7]

Answer:

x= 4

Step-by-step explanation:

We do like:

5x+2(1-x)=2(2x-1)

5x + 2 -2x = 4x -2

or 3x +2 = 4x -2

3x-4x +2 = -4x+4x -2

or -x +2= -2

and -x+2 -2 = -2 -2

or -x = -4

and x = 4 is the solution.

Have a good day.

8 0
3 years ago
Read 2 more answers
In an introductory statistics class there are 4 men and 6 women. An examination is given, and the students are ranked according
earnstyle [38]

Answer:

3628800

Step-by-step explanation:

The class has a total number of 10 students.

4men + 6women = 10 pupils

No two students scored the same score

Therefore, this implies that there would be 10! Scores

10! = 3628800

But if the men ranked amongst themselves and the women too amongst themselves we would have

(6!)(4!) = 17280

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3 years ago
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