100 POINTS!!!! Mai's gross pay is $6,476. How much of her gross pay will be deducted for FICA taxes? (The social security tax rate is 6.2% and the medicare tax rate is 1.45%) SHOW WORK FOR 100 POINTS!

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asked Apr 5, 2023 63.2k views

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100 POINTS!!!!

Mai's gross pay is $6,476. How much of her gross pay will be deducted for FICA taxes? (The social security tax rate is 6.2% and the medicare tax rate is 1.45%)

SHOW WORK FOR 100 POINTS!

Mathematics
college

Helle asked

by Helle

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1 Answer

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Total tax:-

6.2+1.45=7.65%

Now we need 7.65% of Gross pay

$\\ \rm\Rrightarrow 7.65\%\:of\:6476$

$\\ \rm\Rrightarrow 0.0765(6476)$

$\\ \rm\Rrightarrow 495.4\$$

HackAfro answered Apr 10, 2023

by HackAfro

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