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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. Make sure to find the income tax as well.

Option 1: Total deduction is $41.32.
Option 2: Total deduction is $45.75.
Option 3: Total deduction is $38.95.
Option 4: Total deduction is $49.08.

User Allex Radu
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Final answer:

To calculate payroll deductions for Social Security, Medicare, and income tax, add 6.2%, 1.45%, and 15% respectively, for a total rate of 22.65% of gross income. The exact deduction amount in dollars cannot be determined without knowing the gross income.

The correct option is not given.

Step-by-step explanation:

Calculating Payroll Deductions

To determine the total deduction from a paycheck, we need to calculate the Social Security tax, the Medicare tax, and the federal and state income tax. An employee's paycheck will have a 6.2% deduction for Social Security and a 1.45% deduction for Medicare. Additionally, we assume a 15% deduction for federal and state income taxes.

To find the total deduction, we add these percentages together: 6.2% (Social Security) + 1.45% (Medicare) + 15% (Income Tax) = 22.65% of the gross pay.

Without a specified gross income, we can't determine the dollar amount of the deductions, but we know the total deduction rate. Each option represents a different total deduction amount, which would result from different gross income levels.

The correct option is not given.

User Reid Baker
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