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elena55 [62]
3 years ago
12

For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and

Business
1 answer:
Reil [10]3 years ago
7 0

Answer:

Social security : $210.8

Medicare: $49.3

Explanation:

Social security tax and medicare are calculated based on the gross income.

Richards gross income for the months us $3,400

Social security tax will be

=6.2 % of $3400

=6.2/100 x 3400

=0.062 x 3400

=$210.8

Medicare tax will be

=1.45 % x $3400

=1.45/100 x 3400

=0.0145 x 3400

=$49.3

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pochemuha

Answer:

Yes

Explanation:

From the given output

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answer : YES

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