Question

Calculate Medicare tax (1.45% of gross pay

Gross Pay: $576.00

Answer 1

Answer: $8.35

Explanation:

Given: The amount as gross pay= $576.00

The rate of Medicare tax =1.45% = 0.0145

Now, to calculate the medicare tax we need to multiply the rate of Medicare tax with the gross pay , we get

`\text{Medicare tax=0.0145*Gross Pay}\\\\\Rightarrow\ \text{Medicare tax}=0.0145*576.00\\\\\Rightarrow\ \text{Medicare tax}=\$8.352\approx\$8.35`