Question

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%?

Answer 1

multiply the two %s by 100 then subtract them from 80272 then divide by 100 i hope im right

Answer 2

$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}=(6.2)/(100)* \$2,768`

`\text{The amount deducted for social security from Marika's biweekly pay}=0.062* \$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}=(1.45)/(100)* \$2,768`

`\text{The amount deducted for medicare from Marika's biweekly pay}=0.0145* \$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.