Question

Maria Whetstone has a gross weekly income of $502.16 and has earned $20,086.40 this year. How much is deducted from her paycheck this week for Social Security and Medicare?

A) Social Security: $40.18, Medicare: $15.82
B) Social Security: $50.22, Medicare: $20.86
C) Social Security: $30.12, Medicare: $10.24
D) Social Security: $45.25, Medicare: $12.95

Answer 1

The amount deducted from Maria Whetstone's weekly paycheck for Social Security is $31.13 and for Medicare is $7.28, which does not match any of the provided options.

Step-by-step explanation:

To calculate the amount deducted from Maria Whetstone's paycheck this week for Social Security and Medicare, we apply the respective deduction percentages to her gross weekly income of $502.16. For Social Security at 6.2%, the calculation will be $502.16 * 0.062, which equals approximately $31.13. For Medicare at 1.45%, the calculation will be $502.16 * 0.0145, which gives approximately $7.28.

Therefore, the amount deducted from her paycheck this week for Social Security is $31.13 and for Medicare is $7.28. The correct answer to the student's question is neither of the provided options as they do not match the calculated values.