Question

When an employee reaches a $200,000 income level, they are required to pay a supplementary percentage to their _______________________ tax deduction?A. Social SecurityB. MedicareC. FederalD. Local

Answer 1

Answer:

B. Medicare

Explanation:

given data

employee reaches income level =  $200,000

so they are require to pay a supplementary percentage to their Medicare tax because at an income level above than the each and every employee are required to pay their additional percentage of income as  FICA Medicare tax.

and current rate for Medicare is approx 1.45% for the employee and  employer.