Question

If Julio's makes $3,200 per pay period, what is taken out of his paycheck for total taxes. His state taxes

are 3.25%, his Medicare tax is 1.45%, and Social Security tax of 6.2%.

Answer 1

Julio's total tax deduction from a paycheck of $3,200 is $348.80, calculated by adding the individual deductions from state tax, Medicare, and Social Security taxes.

Step-by-step explanation:

To calculate the total taxes taken out of Julio's paycheck, we first need to identify the specific tax rates and apply them to his pay period earnings. The state tax is at 3.25%, the Medicare tax is 1.45%, and the Social Security tax is 6.2%. Julio's earnings per pay period are $3,200.

We will calculate each tax as follows:

• State tax: $3,200 x 3.25% = $104
• Medicare tax: $3,200 x 1.45% = $46.40
• Social Security tax: $3,200 x 6.2% = $198.40

Adding the amounts together gives us the total tax deduction:

$104 (State tax) + $46.40 (Medicare tax) + $198.40 (Social Security tax) = $348.80

So, a total of $348.80 will be deducted from Julio's paycheck for taxes.