Question

The Medicare tax rate is 1.45% how much would be withheld form someone paycheck for Medicare with wages of $1,738 for that pay period

Answer 1

Answer:
`\$25.201`

Explanation:

Given

The Medicare tax rate is 1.45%

The wages of a person is $1738

The amount which is withheld from the person paycheck is

`\Rightarrow 1738* 1.45\%\\\Rightarrow 1738* 0.0145\\\Rightarrow \$25.201`