Question

Calculate Medicare tax (1.45% of gross pay Gross Pay: $576.00

Answer 1

Answer: $8.35

Step-by-step explanation:

Given: The amount as gross pay= $576.00

The rate of Medicare tax =1.45%  = 0.0145

Now, to calculate the medicare tax we need to multiply the rate of Medicare tax with the gross pay , we get

$\text{Medicare tax=0.0145*Gross Pay}\\\\\Rightarrow\ \text{Medicare tax}=0.0145\times576.00\\\\\Rightarrow\ \text{Medicare tax}=\ 8.352\approx\ 8.35$