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Dahasolnce [82]
2 years ago
14

Roland Purcell, a technical writer, has a gross monthly income of $2,400. His earnings to date for this year are $24,000. How mu

ch is deducted this month for Social Security? How much for Medicare? ​
Business
1 answer:
kipiarov [429]2 years ago
7 0

Answer:

Deduction for Social Security = $0

Deduction for Medicare = $348

Explanation:

Given:

Annual income = $24,000

Find:

Deduction for Social Security

Deduction for Medicare

Computation:

Deduction for Social Security is 6.2 % over $84,900.

So,

Deduction for Social Security = $0

Deduction for Medicare is 1.45%

Deduction for Medicare = $24,000 × 1.45%

Deduction for Medicare = $348

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Answer:

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Explanation:

The amount of receipts or cash received during the period can be calculated using the following formula.

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Cash Received = $155200

So, the cash receipts during the period are $155200.

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3 years ago
Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance
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3 years ago
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3 years ago
The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar
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2 years ago
In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 201
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Answer:

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Explanation:

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