Question

Mira's gross pay is $1846.

How much of her gross pay will be deducted for FICA taxes?



(The Social Security tax is 6.2% of gross pay. The Medicare tax is 1.45% of gross pay.)

Question 3 options:

$26.78


$114.45


$141.22


$148.44

Answer 1

The answer is His gross pay multiplied by the FICA tax. The tax should be in a decimal so it will look like .062.  The answer will be $114.45.

Answer 2

Total FICA tax deducted from gross pay is $ 141 .22 .

Explanation:

As given

Mira's gross pay is $1846.

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 × 1846

= $ 114.452

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 × 1846

= $ 26.767

Total FICA tax deducted from Gross pay = Social Security tax + Medicure tax

= $114.452+ $26.767

= $141.219

= $141.22 (Approx)

Therefore the total FICA tax deducted from gross pay is $ 141 .22 .