Question

Natasha's gross pay is $3488 how much of her gross pay will be deducted for fica taxes? (the social security tax is 6.2% of gross ay. the medicare tax is 1.45% of gross pay)

A)$50.58
B)$162.34
C)$216.26
D)$266.83

Answer 1

The answer would be to take 3488 and multiply by .765 because of taxes and your answer is D.

Answer 2

The fica tax deducted from Natasha gross pay be $266.83 .

Option (D) is correct .

Explanation:

As given

Natasha's gross pay is $3488.

The social security tax is 6.2% of gross pay .

6.2% is written in the decimal form .

`= (6.2)/(100)`

= 0.062

Social Security tax = 0.062 × Gross pay

= 0.062 × 3488

= $ 216.256

As given

The medicare tax is 1.45% of gross pay .

1.45% is written in the decimal form .

`= (1.45)/(100)`

= 0.0145

Medicure tax = 0.0145 × Gross pay

= 0.0145 × 3488

= $ 50.576 (Approx)

Thus

Gross pay deducted for fica tax = Social Security tax + Medicure tax

= $216.256 + $50.576

= $ 266.832

= $ 266.83 (Approx)

Therefore the fica tax deducted from Natasha gross pay be $266.83 .

Option (D) is correct .