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

Mathematics

1 answer:

Mkey [24]3 years ago

5 0

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

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

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