17.02.2021

Marika Perez’s gross biweekly pay is $2,768. Her earnings to date for the year total $80,272. What amount is deducted from her pay for Social Security taxes if the rate is 6.2%? What amount is deducted for Medicare, which is taxed at 1.45%?
A .) 200.06; $132.00
B.) $166.08; $56.99
C) $117.05; $15.00
D) $171.62; $40.14

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Mathematics

Marika perez’s gross biweekly pay is $2,768. her earnings to date for the year total $80,272. what amount is deducted from her pay for social security taxes if the rate is 6.2%? what amount is deducted for medicare, which is taxed at 1.45%?

Step-by-step answer

P Answered by Specialist

The deduction for social Security tax is $4976.86 and the deduction for Medicare tax is $1163.94 .

Step-by-step explanation:

Marika Perez’s gross biweekly pay is $2,768. Her earnings to date for the year total $80,272.

What amount is deducted from her pay for Social Security taxes if the rate is 6.2%?

$0.062\times80272=4976.86$ dollars

What amount is deducted for Medicare, which is taxed at 1.45%?

$0.0145\times80272=1163.94$ dollars

Mathematics

Step-by-step answer

P Answered by PhD

$171.62 for social security.

$40.14 for medicare.

Step by step explanation:

We have been given that Marika Perez’s gross biweekly pay is $2,768.

To find the amount deducted from her pay for social security tax, we will find 6.2% of her biweekly pay.

$\text{The amount deducted for social security from Marika's biweekly pay}=\frac{6.2}{100}\times \$2,768$

$\text{The amount deducted for social security from Marika's biweekly pay}=0.062\times \$2,768$

$\text{The amount deducted for social security from Marika's biweekly pay}=\$171.616\approx \$171.62$

Therefore, $171.62 is deducted from Marika's biweekly pay.

Now let us find 1.45% of $2768 to find the amount of medicare deducted from her pay.

$\text{The amount deducted for medicare from Marika's biweekly pay}=\frac{1.45}{100}\times \$2,768$

$\text{The amount deducted for medicare from Marika's biweekly pay}=0.0145\times \$2,768$

$\text{The amount deducted for medicare from Marika's biweekly pay}=\$40.136\approx \$40.14$

Therefore, an amount of $40.14 is deducted from Marika's biweekly pay for medicare.

Mathematics

Step-by-step answer

P Answered by PhD

Deduction for social Security tax is $ 4976.864 and deduction for Medicare tax is $ 1163.944 .

Step-by-step explanation:

As given

Marika Perez’s gross biweekly pay is $2,768.

Her earnings to date for the year total $80,272.

Social Security taxes if the rate is 6.2% .

6.2% is written in the decimal form

$= \frac{6.2}{100}$

= 0.062

Social Security taxes = 0.062 × Gross pay

= 0.062 × 80272

= $ 4976.864

As given

Amount is deducted for Medicare is 1.45% .

1.45% is written in the form of decimal

$= \frac{1.45}{100}$

= 0.0145

Medicare tax = 0.0145 × Gross pay

= 0.0145 × 80272

= $ 1163.944

Therefore the deduction for social Security tax is $ 4976.864 and deduction for Medicare tax is $ 1163.944 .

Mathematics

Step-by-step answer

P Answered by Specialist

The deduction for social Security tax is $4976.86 and the deduction for Medicare tax is $1163.94 .

Step-by-step explanation:

Marika Perez’s gross biweekly pay is $2,768. Her earnings to date for the year total $80,272.

What amount is deducted from her pay for Social Security taxes if the rate is 6.2%?

$0.062\times80272=4976.86$ dollars

What amount is deducted for Medicare, which is taxed at 1.45%?

$0.0145\times80272=1163.94$ dollars

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Step-by-step answer

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Step-by-step answer

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