Question

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​

Answer 1

$ 15.08

Explanation:

Payment = 1.45% × $ 350.00

Payment = 0.0145 × $ 350.00

Payment = $ 15.075

Payment ~ $ 15.08

Answer 2

• 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