Question

Maria Whetstone, a boiler operator, has a gross weekly income of $502.16. Her earnings to date for this year are $20,086.10. How much is deducted from her paycheck this week for Social Security? How much for Medicare?

Answer 1

Maria's deductions for Social Security and Medicare can be calculated using her gross weekly income and the given percentages. Therefore, the amount deducted from Maria's paycheck this week for Social Security is $1,618.95 and for Medicare is $378.58.

Step-by-step explanation:

To calculate the deductions for Social Security and Medicare, we need to find Maria's gross annual income. Since her gross weekly income is $502.16, we can multiply it by the number of weeks in a year, which is 52:

Annual income = $502.16 * 52 = $26,104.32

Now we can calculate the deductions:

Social Security deduction = 6.2% of the gross annual income = 0.062 * $26,104.32 = $1,618.95

Medicare deduction = 1.45% of the gross annual income = 0.0145 * $26,104.32 = $378.58

Therefore, the amount deducted from Maria's paycheck this week for Social Security is $1,618.95 and for Medicare is $378.58.