343,004 views
27 votes
27 votes
Lily's gross pay is $350.00 per pay period. The Medicare tax rate is 1.45%. How much Medicare tax does Lily Ipay per pay period?

$5.08
$15.08
$21.70
$4.20​

User Tony Brasunas
by
2.1k points

2 Answers

23 votes
23 votes

Answer:

$ 15.08

Explanation:

Payment = 1.45% × $ 350.00

Payment = 0.0145 × $ 350.00

Payment = $ 15.075

Payment ~ $ 15.08

User Prgao
by
3.0k points
22 votes
22 votes

Answer:

  • A. $5.08

Explanation:

Given

  • Gross pay = $350
  • Medicare tax rate = 1.45%

The amount of tax:

  • 350*1.45/100 = 5.075 ≈ 5.08
User Bhavana Vadodariya
by
2.3k points