Answer: $804.75
Explanation:
The Social Security (OASDI) withholding rate is the gross pay times 6.2% of the maximum pay level for that particular year while the Medicare withholding rate is the gross pay times 1.45 %.
Laura has a job that pays $4,625 monthly. Her Medicare will be:
(1.45% of $4,625) × 12
= 0.0145 × $4625 × 12
= $804.75