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Use the Social Security tax rate of 6.2% and Medicare tax rate of 1.45% to determine the total deduction. Gross Pay: $6223
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Use the Social Security tax rate of 6.2% and Medicare tax rate of 1.45% to determine the total deduction.

Gross Pay: $6223

User Dun
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1 Answer

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$6223 * .062 = 385.826 Social Security
$6223 * .0145= 90.2335 Medicare

$6223 - 385.826 - 90.902335 = 5746.271665 or $5,746.25
Total deductions = 294.923665
User Intellidiot
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