Question

A nurse’s aide has earned $21,670. She earned $1,970 this month. How much is deducted this

month for Social Security? For Medicare?

Answer 1

The Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. To calculate the amount deducted from the nurse's aide's earnings this month for Social Security and Medicare:

Social Security:

Multiply the earnings for the month by the Social Security tax rate:

$1,970 x 0.062 = $121.94

Therefore, $121.94 is deducted from the nurse's aide's earnings this month for Social Security.

Medicare:

Multiply the earnings for the month by the Medicare tax rate:

$1,970 x 0.0145 = $28.54

Therefore, $28.54 is deducted from the nurse's aide's earnings this month for Medicare.