Question

If your combined medicare and social security deduction is $64.50 what is your gross pay for that pay period?Social Security= 6.2%Medicare= 1.45%

Answer 1

Answer:

$843.14

Explanations:

% Social security = 6.2%

% Medicare = 1.45%

Note that:

`\begin{gathered} \text{Social Security = }\frac{\%\text{Social security}}{100}* Gross\text{ Pay} \\ \text{Social Security = }(6.2)/(100)* Gross\text{ Pay} \\ \text{Social Security = }0.062\text{ Gross Pay} \end{gathered}`
`\begin{gathered} \text{Medicare = }\frac{\%\text{medicare}}{100}* Gross\text{ Pay} \\ \text{Medicare = }(1.45)/(100)* Gross\text{ Pay} \\ \text{Medicare = }0.0145Gross\text{ Pay} \end{gathered}`

The combined medicare and social security deduction is $64.50

That is:

Medicare + Social Security = 64.50

0.0145GrossPay + 0.062GrossPay = 64.50

0.0765GrossPay = 64.50

GrossPay = 64.50 / 0.0765

GrossPay = $843.14