2 years ago

Laura has a job that pays $4,625 monthly. How much is

Mathematics

1 answer:

victus00 [196]2 years ago

4 0

Answer: $804.75

Step-by-step explanation:

The Social Security (OASDI) withholding rate is the gross pay times 6.2% of the maximum pay level for that particular year while the Medicare withholding rate is the gross pay times 1.45 %.

Laura has a job that pays $4,625 monthly. Her Medicare will be:

(1.45% of $4,625) × 12

= 0.0145 × $4625 × 12

= $804.75

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