Question

Marika Perez's gross biweekly pay is 2,768 her earnings to date for the year total 80,272 what amount is deducted from her paycheck for social security taxes if the rate is 6.2% what amount is deducted for medicare which is taxed at 1.45%?

Answer 1

Answer: there you go :)

$171.62 for social security.

$40.14 for Medicare.

Explanation:

We have been given that Marika Perez’s gross biweekly pay is $2,768.

To find the amount deducted from her pay for social security tax, we will find 6.2% of her biweekly pay.

Therefore, $171.62 is deducted from Marika's biweekly pay.

Now let us find 1.45% of $2768 to find the amount of medicare deducted from her pay.

Therefore, an amount of $40.14 is deducted from Marika's biweekly pay for medicare.