Question

7. Ernesto works as a fireman in Green Valley where the SSI tax rate is 6.2% and the Medicare rate

is 1.45%. He made $48,000 for the year 2020. What did he pay for Medicare? *

a)$2976
b) $696
c) $3674.88
d) $6960

Answer 1

Explanation:

The answer is b. The Medicare rate is 1.45% which = .0145. Multiply this by 48,000 to get the answer

48000 x .0145 = 696