Question

If Social Security takes 6.2 percent, and Medicare takes 1.45 percent of your paycheck, how much would you have left on a $300 monthly salary?

$277.05
$227.05
$277.55
$227.55

Answer 1

The answer would be the first option.

6.2 percent of 300 is 18.6,

and 1.45 percent of 300 is 4.35

It makes a total of 22.95

300 - 22.95 = 277.05